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Shan Aggarwal
@ShanAggarwal
chief business officer & head of IR @coinbase
参加 July 2011
3K フォロー中    19.6K ファン
disappointing, but we're not slowing down and the industry won't either our business has been built through years of uncertainty and hostile regimes, we're used to it zooming out, we're in a significantly better place today than we were a few years ago - pro innovation SEC/CFTC and GENIUS going into effect in early 2027 today was a missed opportunity for the US, but the biggest opportunities for the industry are still ahead and we've made meaningful progress over the past few years
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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.
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