Coinbase Inc. (NASDAQ:COIN) is revisiting its ambition to bring tokenized securities to the U.S., a move it first attempted years ago but abandoned due to regulatory opposition.
What Happened: The renewed push comes as the Donald Trump administration signals a more accommodating approach toward crypto, prompting changes at the U.S. Securities and Exchange Commission that could create room for blockchain-based financial products.
The SEC’s formation of a crypto task force in January, under Acting Chair Mark Uyeda, has given Coinbase hope that security tokens—digital representations of traditional financial assets—could finally gain regulatory acceptance in the country.
“I now believe that our U.S. regulators are looking for product innovation and looking to move forward,” said Coinbase CFO Alesia Haas during an industry event hosted by Morgan Stanley.
She recalled that Coinbase had initially …
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