“The anonymity of crypto assets and limited global standards create significant data gaps for regulators.”
Having to scrap the lending program "is a major blow for Coinbase as the firm tries to diversify revenue beyond its trading fees.”
“If we end up in court we may finally get the regulatory clarity the SEC refuses to provide,” Coinbase CEO Brian Armstrong says.
A presidential working group expects to make recommendations on how to regulate the booming digital currencies amid concerns over their stability.
"We think that becoming a public company really sets us up to be a trusted platform in the digital currency industry."
The investment bank swapped swapped a tokenized version of a U.S. Treasury bond for JPM Coin — JPMorgan Chase’s stablecoin.
The bank "is preparing for a future in which parts of the essential underpinning of global capitalism ... move to the blockchain."
