exchange: Coinbase does not fear competition from Wall Street, says exchange executive

A Coinbase executive called on regulators to implement sensible crypto regulation, while announcing the Stand With Crypto event taking place in over 500 locations worldwide. What to know : Coinbase says it is unconcerned by growing competition from traditional financial institutions, arguing that crypto’s grassroots community support cannot be replicated by Wall Street. Stand With Crypto, which Coinbase calls the world’s largest crypto-advocacy group, claims 3.7 million members who have contacted lawmakers more than 2.5 million times, even as a recent CoinDesk survey found only 1% of U.S. voters rank crypto as their top concern. Coinbase executives say the global Stand With Crypto events on Bitcoin Pizza Day underscore that “crypto voters” are a lasting political force and that governments must move quickly to adopt sensible, coordinated regulation.