Coinbase’s Shocking Move: 145 Agencies and a Token Purge! 😱💰

by

Ah, dear reader, gather ’round as we delve into the curious case of Coinbase, now entangled with a staggering 145 U.S. government agencies and a mere 29 international ones. It seems the cryptocurrency regulatory landscape is shifting faster than a cat on a hot tin roof! 🐱🔥

In a rather audacious post on X, our gallant Coinbase CEO, Brian Armstrong, proclaimed that the launch of the U.S. Strategic Bitcoin Reserve has sparked a veritable frenzy of institutional interest in crypto. One can only imagine the government officials, clad in their finest suits, eagerly reaching out to Coinbase for assistance in securely trading, storing, and using digital assets. Oh, the irony! Who knew bureaucrats could be so tech-savvy? 🤓💼

Coinbase, it appears, has become the belle of the ball for government agencies, thanks to its robust security and compliance structure. With 43 money transmitter licenses and a BitLicense in New York, it operates in every state, like a well-behaved puppy on a leash. 🐶✨

But wait, there’s more! This digital fortress is also registered in the grand markets of Europe, Singapore, Canada, and the United Kingdom. Coinbase, the guardian of nearly 12% of the world’s crypto assets, has become the custodian of choice for major financial institutions. One can only wonder if they have a secret vault filled with gold coins and a dragon to guard it! 🐉💰

In response to the insatiable demand from institutions, Armstrong has hinted at a grand plan to add 1,000 new staff members by 2025. Perhaps they’ll be hiring from the ranks of the newly unemployed crypto enthusiasts? Following his attendance at the White House crypto summit, he noted that the change in U.S. regulatory policy has given Coinbase the confidence to invest domestically. How delightful! 🎉🏛️

Meanwhile, on the fateful day of March 13, Coinbase announced the delisting of Floki (FLOKI), TURBO, and GIGA for New York users. After a routine review, these tokens were deemed unworthy of their listing standards. Trading for these assets will come to a dramatic end on April 14 at around 2 PM ET. And just like that, they vanish into the ether! 💨✨ Additionally, the exchange will grace us with the listing of Aethir (ATH) on the same day. A new star is born! 🌟

Read More

2025-03-13 08:54