Jim Stacker

Since the founding of Coinbase back in 2012 we have taken a long-term view. I knew we needed to embrace compliance to become a generational company that stood the test of time. We got the licenses, hired the compliance and legal teams, and made it clear our brand was about trust with our customers and following the rules. We wanted to increase transparency and raise the bar on trust, so we became a public company in 2021. This meant we couldn't always move as quickly as others. It's more difficult and expensive to take a compliant approach. You can't launch every product that customers want when it’s illegal. But it's the right approach because we believe in rule of law. Today's news reinforces that doing it the hard way was the right decision. We now have an opportunity to start a new chapter for this industry. We took a lot of arrows operating here in the U.S. due to the lack of regulatory clarity, and my hope is that today's news serves as a catalyst to finally achieve that. Americans should not have to go to offshore unregulated exchanges to benefit from this technology. This industry should be built right here in America, in a compliant way, under U.S. law. We're going to stay here in the U.S. because we believe in economic freedom and that the U.S. democratic system will eventually get this right. Decentralization and crypto is a powerful tool to update the financial system and build a global economy with more economic freedom. We're just getting started 🚀