Illustration by Alex Castro / The Verge
Coinbase has publicly filed paperwork to list its stock on the NASDAQ exchange, a huge step forward in the first major public offering for a cryptocurrency company. Coinbase’s S-1 was published on Thursday morning, after being confidentially submitted to the SEC in December.
In an attached letter to investors, founder Brian Armstrong presented cryptocurrency as an equalizing force in financial markets and Coinbase as the company at the forefront of that change.
“If the world economy ran on a common set of standards. the world would be a more fair and free place”
Last Updated: 21 January 2021
There have been many discussions over what the Biden administration has in store for the crypto industry once it settles in. So far, the 46th President appears to be showing promising signs towards the industry with his latest move.
A Great Start
Less than a day after taking office, President Joe Biden has enforced a freeze on all federal regulatory processes. In a White House memorandum for all federal agencies’ heads, the President confirmed that he would halt all agency rules that are pending reviews for at least sixty days.
While the memorandum doesn’t mention it explicitly, it will also apply to a recent controversial ruling from former Treasury Secretary Steve Mnuchin. Last month, the FinCEN published a proposal to limit money services businesses, including crypto exchanges registered in the United States, from doing business with self-hosted wallets.