Coinbase Executive: Not Concerned About Wall Street’s Increased Competition in Cryptocurrency; Calls for Prompt Implementation of Reasonable Regulation

According to CoinDesk, Katie Harries, Coinbase’s Head of European Policy, stated that Coinbase is not concerned about increased participation in the cryptocurrency space by major Wall Street institutions and traditional financial institutions, noting that the crypto industry possesses a community foundation that traditional financial institutions cannot replicate. She pointed out that the advocacy group Stand With Crypto already has over 3.7 million members worldwide, who have contacted legislators more than 2.5 million times. Harries also emphasized that cryptocurrency voters have become a lasting force in the global political landscape, and policymakers should urgently advance a coordinated and reasonable regulatory framework for cryptocurrencies.