Compared Coinbase's compliance strategy. Under the regulatory pressure of 2026, Coinbase's compliance approach leans more towards policy lobbying and institutional development: actively responding to SEC and FDIC proposals, pushing for clear rules, winning a lawsuit against the SEC in 2025, but getting hit with a €21.5M AML fine in Ireland. In terms of strategy, they prioritize tokenized securities, institutional futures, hiring regulatory experts, and view compliance as the cornerstone of innovation. Compared to Binance, which has 25% of its staff focused on compliance, reduced risks by 97%, and blocked $6.6B in fraud, Coinbase focuses more on rule-making and building out licenses in the US and Europe. Binance, on the other hand, excels in global law enforcement cooperation and rapid rebuilding. Both treat compliance as a moat, but Coinbase plays more towards mainstream financial integration.