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Coinbase Executive: Not Concerned About Wall Street’s Crypto Expansion, Calls for Prompt Regulation

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Katie Harries, Coinbase’s Head of Policy in Europe, said the company is not concerned about Wall Street’s expanding presence in crypto. She highlighted strong grassroots support, noting that Stand With Crypto has 3.7 million members who have sent 2.5 million messages to lawmakers. Harries called for clear, unified regulation, emphasizing that crypto voters represent a lasting political force. She also underscored the need to align with the EU’s MiCA regulations and ensure compliance with CFT requirements.

According to CoinDesk, Katie Harries, Coinbase’s Head of European Policy, stated that Coinbase is not concerned about increased participation from Wall Street giants and traditional financial institutions in the cryptocurrency space, noting that the crypto industry possesses a community base that traditional financial institutions cannot replicate. She added that the advocacy group Stand With Crypto has over 3.7 million members worldwide, who have made more than 2.5 million contacts with lawmakers. Katie Harries also said that crypto voters have become a lasting force in the global political landscape, and policymakers should promptly establish coordinated and sensible regulatory frameworks for cryptocurrency.

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