Kenneth 🌴

Coinbase is becoming the everything exchange. All assets will inevitably move onchain, so we want to have everything you want to trade in one place. Incoming: DEX integration (access millions of assets) + expansion of our derivatives offerings. Next: tokenized equities + more.

Just closed another acquisition 🎉 Really trying to build a super team of EdTech founders to crush it this Back To School season 🤠 Will announce the name of this startup + why we acquired tomorrow! I have one more acq to announce next month then v2 of the team is complete 🫡

Public multiples blowing out as markets go full risk on. NTM revenue multiples doubled from 10.3x a year ago to 21.4x today We’re 2/3 of the way to peak ‘21 Covid multiples. And if froth across private and public markets is any indicator, going to run it all the way back

🚀 A historic day for stablecoins After years in this space and through multiple market cycles, today’s legislative breakthrough is one of the most meaningful moments yet. Following sustained advocacy across the ecosystem, the U.S. will soon have its first federal law recognizing stablecoins as part of the financial system. 📜 𝗪𝗵𝗮𝘁 𝗵𝗮𝗽𝗽𝗲𝗻𝗲𝗱: The GENIUS Act, a federal framework for stablecoin oversight, passed the House 308–122, and now heads to the president’s desk to be signed into law. 💡 𝗪𝗵𝗮𝘁 𝗶𝘁 𝗺𝗲𝗮𝗻𝘀: Clear, consistent rules for stablecoins — grounded in consumer protection and financial integrity — unlocking faster, safer, programmable money and laying the foundation for a financial system built for the internet era. 🇺🇸 𝗪𝗵𝘆 𝗶𝘁 𝗺𝗮𝘁𝘁𝗲𝗿𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗨𝗦: Clear rules reinforce U.S. economic competitiveness in the global financial system and bring jobs, innovation, and capital formation back onshore. They also increase demand for U.S. debt, helping lower borrowing costs for the country and keep the dollar strong in an increasingly digital age. 🌎 𝗪𝗵𝘆 𝗶𝘁 𝗺𝗮𝘁𝘁𝗲𝗿𝘀 𝗴𝗹𝗼𝗯𝗮𝗹𝗹𝘆: U.S. financial regulation sets the tone for much of the world. Clear guidance here will accelerate regulatory progress elsewhere. That means more innovation, better tools, and safer infrastructure for people and businesses worldwide. 🛠️ 𝗧𝗵𝗲 𝘄𝗼𝗿𝗸 𝗶𝘀𝗻’𝘁 𝗱𝗼𝗻𝗲: The CLARITY Act, the companion market structure bill, now heads to the Senate. It aims to address regulatory ambiguity, close oversight gaps and improve enforcement. Passing it would complete the foundation for crypto regulation in the U.S. Congratulations to all who helped make this happen. Onwards!