In myself Unanimously tradestek interviewYou noted that “Crypto is to live here.” How do you see Crypto space grow in short and long periods?
We have entered a new era for Crypto, one is defined at the speed of cooperation and clarity, not regulatory uncertainty. This administration has shifted the tone: the enforcement is being replaced by creative dialogue by enforcement and is a target to clarify clear rules through the law and appropriate agency. In the near period, the most important priority is setting up a broad federal framework that explains how SEC and CFTC maintain digital assets. This structure should protect consumers, promote innovation, and end the jurisdiction tag-off-war that has slowed down progress. Encouraged, we are looking at bipartisan support in Congress to fulfill this.
Given for a long time, Crypto is ready to help reopen the backbone of our economy. A low area is how small businesses are already tapping in crypto to reduce costs, reach new customers and modernize payment. Nearly a small business today uses crypto in some form or the other, whether to accept payment, reach capital, or to improve efficiency. It is a powerful reminder that the utility of the crypto is much beyond speculation. It is about economic access, participation and long -term flexibility.
At the beginning of this administration, SEC established a Crypto Task Force. You also noted that Washington has recently made a lot of progress around the Digital Assets Act which protects investors by promoting innovation such as the Genius Act. What is the need of other rules around Crypto and how the coinbase is preparing for potential regulatory changes? What lesson can the US learn from the crypto rules of other countries?
Every step towards bilateral regulator clarity is a win for consumers, builders and American economy. The Genius Act is the strongest indication so far that Crypto’s day has come on Capital Hill. If MPs want to protect consumers and empower entrepreneurs, regulation is not optional – this is necessary. In the coinbase, we support this speed and advocate policies that both protect users and strengthen the leadership of the US in financial innovation.
To completely unlock the capacity of digital assets, we need a clear market structure structure at the federal level. This current regulator will provide railing to oversee the BARAS, ending the Turf War, SEC and CFTC Crypto markets. Just as important, it will eliminate the disabilities of a state-by-state patchwork and will give confidence to build in the US, which we encourage both committees in Congress to move towards this clarity with markup on the horizon.
Worldwide, we have seen how smart, innovation-friendly regulation drives progress. From Europe to UAE, governments are determining national standards that welcome blockchain-based solutions, ensuring consumer security. Now this is America’s turn. The US should seize this opportunity to go beyond a fragmented perspective and act decisively. The future of finance is at stake, and we are committed to watching it.
One in Recently interviewSEC President Paul Atkins highlighted the rise of stock tokens. How is the coinbase ready and favorable for this latest development in digital asset space?
Tokening is one of the most promising borders for the future of finance and is a major priority for coinbase. We believe that everything will eventually transfer on-chains-from-from the fundamental and treasury markets to the funding mechanisms like equity and IPO. The reason for this is simple: token property provides rapid settlement, low cost and comprehensive access to investors.
We are already watching this shift playing in real time. StableCoins such as USDC and EURC have become fundamental for finance, demonstrating the benefits of digitized money. In addition, the Real-World Asset (RWA) Tokanization has increased by 245-melodious in just five years, by $ 85 million in April 2020 to more than $ 21 billion in April 2025. In the coinbase, we are creating the infrastructure, partnership and regulatory readiness required to support this infection on the scale.
As the demand for token stock and other RWA is increasing, we are focusing on ensuring that our platforms are ready to safely host these new digital financial products. This is not just a technological development; It is a reunion of capital markets that can unlock access and efficiency for millions of people.
You also highlighted the ability to buy open networks capacity and support economic activity beyond trading assets. Can you explain in detail on occasions that provide an open network or permissionless system? And how coinbase is looking to make it for the future?
Open, permission -free networks have the power to make fundamentally wider participating in the global economy. These systems enable anyone, regardless of geography or income, to reach services such as payment, credit and identity verification. They also allow developers to construct independently, without the need for permission from a central authority. In the coinbase, we believe that this openness is necessary for the creation of a more inclusive and efficient financial system.
So we launched the base, an atherium layer 2 coinbase incubated. The base is designed to make the next Arab users cheap, faster, and decentralized apps cheaper, and to make it easier. But we are also deliberately how we build. As mentioned in our neutrality principles, we are committed to ensuring that the base is open to all builders, avoids sensoring or privileges to special actors, and align with public objects. We are promoting a lively ecosystem through developer grants, infrastructure tooling, and partnership that promote permitted innovation.
The future is about creating systems that do better for everyone. We believe that open network is the foundation of that future.
What are some of your biggest takeaets after this year’s consensus conference?
This year’s consensus made one thing clear: Crypto has turned into a corner. The mood was optimistic, the real policy was frozen in victory and shared that we can lead the US if we get regulation rights. One of my biggest takeaairs is how far we have come, from fighting for validity to working with MPs on meaningful laws.
As I shared during the conference, the era of regulation by enforcement is ending, and we are entering a new phase of cooperation. We saw a strong bilateral engagement on Crypto in many panels and discussions. This type of speed is rare, and shows that our message is echoing: if the US wants to lead in the next wave of technological innovation, we now need clear rules and smart policy.
