American Crypto Exchange Coinbase Praises Canada’s Approach to Crypto and Blockchain
A recent report by the Canadian House of Commons Parliamentary Standing Committee on Industry and Technology has caught the attention of American crypto exchange Coinbase. Unlike the United States, Canada recognizes the potential of crypto and blockchain as emerging industries with significant economic opportunities. Coinbase is pleased to see that the committee recognizes the benefits and value of blockchain technology. The firm also sees exciting developments in Canada as part of its international expansion strategy. Coinbase is actively engaging with policymakers, regulators, and customers in Canada to build out its product offerings.
- Canada recognizes crypto and blockchain as emerging industries
- Coinbase praises Canada’s approach in recognizing the benefits of blockchain technology
- Exciting developments in Canada as part of Coinbase’s international expansion strategy
- Productive conversations with policymakers, regulators, and customers in Canada
- Canada respects the right to self-custody and aims to promote ease of access to safe and reliable on and off ramps
- Canada keen on establishing a national blockchain strategy
- Canadian government to conduct innovative pilot projects using blockchain to strengthen the ecosystem
- Coinbase sees Canada as a leader in the cryptoeconomy
Coinbase Files Answer and Notice of Intent to Dismiss SEC Case
Coinbase is currently facing a lawsuit from the Securities and Exchange Commission (SEC) for alleged securities law violations. However, Coinbase believes that the claims go beyond existing law and has filed its answer and notice of intent to dismiss the SEC case. The company welcomes dialogue with regulators and believes that new legislation and rulemaking is the right path forward.
- Coinbase files answer and notice of intent to dismiss SEC case
- Company believes the claims go beyond existing law
- Coinbase welcomes dialogue with regulators and believes in new legislation and rulemaking
Coinbase Stock Price Surges on Investor Confidence
Investor confidence in Coinbase has grown as the company battles the SEC, leading to an upswing in its stock price. There is optimism that Coinbase may achieve a victory against the SEC, resulting in a 1.23% increase in stock price during after-hours trading. Since June 26, the stock has gained a healthy 21%.
Hot Take: Coinbase recognizes the positive approach of the Canadian government towards crypto and blockchain, positioning Canada as a potential leader in the industry. Meanwhile, Coinbase remains confident in its legal battle with the SEC and sees investor confidence reflected in its stock price surge.
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