Another one. New Jersey has formally dropped its staking lawsuit against Coinbase and lifted its cease-and-desist order, paving the way for our NJ users to resume staking after missing millions of dollars in rewards over the past 3+ years. Defending our users’ access to secure, reliable staking has been non-negotiable from the start. We’re persistent in our determination to fight for our users, but our work on staking isn’t done until everyone everywhere has the same opportunity. Wisconsin, Maryland, California, and Washington are next.

As a large, public company with a global presence, @coinbase can be the target of baseless litigation. We always fight to defend ourselves against unfounded claims. Another one bites the dust, with a district court in PA dismissing a class action against us today. Read more below👇 We are grateful to the court for its careful consideration.

Last year, we reincorporated to Texas. Last night, the Texas business court dismissed the first shareholder derivative suit brought against us since our reincorporation, just five months after it was first filed. We appreciate the court’s careful consideration and speed. Opinion linked below.

Prediction markets are swaps: "they just happen to be swaps that people find entertaining and fun." Couldn't have said it better. Read more about our prediction markets win in IL at the link 🔗 below. We are grateful to the court for their careful consideration.

For too long, regulatory uncertainty has prevented responsible, yet critical innovation from taking root in the United States. It has been a priority of my chairmanship to reverse this trend. Though temporary, the Innovation Exemption is a principled, structured grant of relief designed to resolve genuine legal uncertainty, while providing investor protections and upholding market integrity standards. Through this order and a number of ongoing initiatives, we will ensure that America remains the world’s premier destination to build the next generation of financial infrastructure.

Selfie from the 5am Acela the first time we went to talk to the SEC about tokenized equities, giving tired-but-filled-with-optimism vibes. Have been waiting for the innovation exemption like Christmas morning, and can’t wait to dig in. The middleman mechanics to transfer equities has been long overdue for an update, and the innovation exemption and other initiatives from the SEC to digitize the securities industry are welcome relief. Grateful to @SECGov and @SECPaulSAtkins for consistently choosing action over inaction.

Just keep shipping. We’re finally getting much-needed clarity on digital asset taxation thanks to bipartisan work on this bill. This is the next step for how we bring the financial system into the 21st century.

The CLARITY Act didn't advance in the Senate today, which was a disappointment. While it's possible bi-partisan conversations continue and it lives to fight another day, we can't wait on Congress anymore. The SEC and CFTC have the tools they need to create clear rules under existing authority, and I expect will begin working on this in earnest. So clarity is coming to crypto regardless. And of course GENIUS is already the law of the land for stablecoins, which is even more permissive on rewards. There were some concessions we made on CLARITY that were tough to swallow, so perhaps it's for the best. Crypto can't be uninvented. With clarity emerging through the regulators, we'll continue updating the financial system.

...Ready for it? Time for rulemaking by agencies. Grateful to proactive @SECPaulSAtkins @ChairmanSelig who have already stepped up to lead and excited for what is yet to come. Back to work.

One of the things I am most proud of is how @coinbase consistently takes the hard path to provide the best products and protections to our customers. Coinbase Tokenized Stocks are a perfect example of this. We took the harder path to provide real deal securities with shareholder rights - to voting, to dividends, to redemption and with prospectuses. These aren't just features, these are rights that will flow through to the end user when they redeem.

Today is the day. Senators, if you care about consumers, combatting fraud and illicit finance, and beating China, you will vote for this bill. Every markup, hearing, vote, meeting, phone call, roundtable, trip to DC, and drafting session over the last 5 years (or 10 for those of who have been on the ground since 2016) has led to this moment. Senators only get one chance to ensure the CLARITY Act lives to fight another day.

Feeling bullish reading @SECPaulSAtkins keynote at @SolanaInstitute's Washington x Wall Street reaffirming the U.S. can and should be the crypto capital of the world. 🇺🇸 He is exactly right. America must lead the world in financial innovation and remain the premier place to build the next generation of financial infrastructure. @SECGov is already playing a major role.

So, the banking lobby's concern is that there's going to be significant bank deposit flight due to stablecoin rewards, but that they won't be able to show that deposit flight with data over the next 18 months...

Could not agree more with @SecScottBessent. After years of hard work, there's now a huge week ahead for Senators to get Clarity over the finish line. America can't afford to fall behind on financial innovation while the rest of the world moves ahead. Excited for this vote!!