Coinbase CLO: Vanguard's Entry Proves Crypto Industry Is No Longer 'Choked'

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Citing CoinEdition, Coinbase Chief Legal Officer Paul Grewal announced the end of 'Operation Choke Point 2.0,' attributing it to Trump's executive order promoting deregulation. He stated that the crypto industry is no longer being targeted through the banking system and that the regulatory environment is now enabling institutional integration, as seen in Vanguard's recent move toward crypto. Grewal also highlighted the importance of the CLARITY Act and the impact of the GENIUS Act, which pushed the stablecoin market past $300 billion.

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