#Coinbase Regulatory Controversy#

Coinbase is currently at the center of regulatory controversy. CryptoQuant CEO Ki Young Ju believes that over-regulating Coinbase goes against the nature of cryptocurrencies, arguing that self-regulation based on customer trust is more suitable for the crypto world. He uses Binance as an example, emphasizing its global popularity due to its self-regulatory model. Previously, Nansen CEO Alex Svanevik also pointed out that Coinbase's user experience has become inferior to banks, citing issues users have faced with withdrawals, account security, and transaction speed. On the other hand, Coinbase CEO Brian Armstrong, at the World Economic Forum in Davos, Switzerland, stated that Bitcoin can effectively counterbalance deficit spending and inflation, providing a safe haven for people. He also revealed that President Trump was excited about establishing a strategic Bitcoin reserve and believes any government holding gold should include Bitcoin as a reserve asset. These statements indicate that Coinbase is actively promoting Bitcoin as a new reserve asset and trying to find a balance point within the regulatory environment. However, regulatory concerns about cryptocurrencies remain, and how Coinbase will address regulatory challenges and continue to drive its business growth in the future will be a topic worth watching.