Coinbase Leads Major Crypto Industry Lobbying Push For New Regulations
Portfolio Pulse from Benzinga Neuro
Coinbase Global, Inc. (NASDAQ:COIN) has initiated a major lobbying effort to rally support among lawmakers for new legislative rules for the crypto industry. The company is sponsoring the travel of over 50 crypto company executives to Washington, D.C. for lobbying purposes and plans to park an armored “money truck” near the Capitol building as a form of mobile advertising. This comes as Coinbase is involved in a legal battle with the SEC over alleged law violations.
September 27, 2023 | 6:32 am
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Coinbase is leading a major lobbying effort for new crypto regulations. This could potentially influence the company's ongoing legal battle with the SEC.
Coinbase's lobbying efforts could potentially influence the outcome of its ongoing legal battle with the SEC. However, the impact on the company's stock price in the short term is uncertain due to the unpredictable nature of regulatory and legal outcomes.
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