Coinbase legal chief Paul Grewal says US lawmakers are nearing agreement on the CLARITY Act, with a Senate markup expected soon. Coinbase chief legal officer Paul Grewal said the US Digital Asset Market Clarity Act is “moving toward” a markup hearing in the US Senate Banking Committee and could eventually move to a floor vote if senators resolve the stablecoin yield dispute and schedule a markup. Speaking in a Wednesday interview on Fox Business, Grewal said lawmakers are nearing agreement on core elements of the crypto market structure bill, even as debate continues over stablecoin yield. “I think we’re very close to a deal,” he said. The remarks point to possible movement on one of the last major sticking points in Senate talks over crypto market structure legislation: whether stablecoin issuers or platforms should be allowed to offer yield or similar rewards. The dispute has helped delay a Senate Banking Committee markup, leaving the broader effort to set federal rules for digital asset oversight still unr...
A Coinbase Institute survey suggests crypto has become the financial starting point for most 16-25-year-olds in the UK, as digital assets become a powerful credibility test for political parties. The United Kingdom’s move to pause political donations in cryptocurrency is colliding with rising digital asset awareness among younger people, with more than 80% of 16- to 25-year-olds now familiar with crypto, according to a new survey shared with Cointelegraph. Research by Coinbase Institute and JL Partners, shared with Cointelegraph, found that crypto, led by Bitcoin (BTC), has overtaken traditional banking products as many young people’s entry point to understanding money, risk and financial opportunity. Just 43% recognize a Stocks & Shares Individual Savings Account and 20% a Help to Buy ISA, reflecting what the report describes as a “crypto first, TradFi second” re-ordering of financial literacy. The findings come as the United Kingdom advances plans for a moratorium on political donations in crypto, highlight...
A Coinbase and CoinTracker survey found fewer than half of crypto users correctly understand when digital assets become taxable. A majority of crypto users remain unclear on basic tax rules, with fewer than half correctly identifying when transactions become taxable, a new survey found. Only 49% of respondents correctly understand that crypto becomes taxable when it is sold, while nearly a quarter believe simple transfers can trigger tax events, according to a 2026 Crypto Tax Readiness Report published by Coinbase and CoinTracker. The findings come from a survey of 3,000 US crypto users conducted between Sept. 9 and Oct. 3, ahead of the 2025 tax reporting season. Read more
The US city is expected to pen an amicus brief in Coinbase's lawsuit against the state of Michigan, which the exchange filed ahead of its prediction markets launch. Lawyers representing the US city of Detroit plan to file an amicus brief in Coinbase's lawsuit against Michigan, which argues that federal regulators should have authority in overseeing prediction markets and not states. In a Thursday filing in the US District Court for the Eastern District of Michigan related to state officials’ motion for a preliminary injunction, District Judge Shalina Kumar approved an order which will allow Detroit to file a brief supporting state authorities in their lawsuit against Coinbase. Kumar gave Detroit’s lawyers until April 3 to make the filing as the lawsuit continues. In December, Coinbase filed its lawsuit against Michigan, as well as gaming authorities in Connecticut and Illinois, more than a month before the crypto exchange announced the launch of its prediction market services on the platform. Read more
While prediction market platforms are under legal scrutiny in the US, many Coinbase users are claiming that the app is pushing them to gamble. Update (March 27 at 8:32 pm in UTC): This article has been updated to include a statement from Coinbase CEO Brian Armstrong. Negative reactions to cryptocurrency exchange Coinbase using its notifications to push bets on event contracts amid the March Madness basketball tournament range from “annoying” to “absurd.” In January, Coinbase rolled out prediction market bets for US-based users as part of a partnership with Kalshi. However, for some users, the last two months have been seen as an opportunity for the exchange to get people “hooked on sports gambling” using an app that many had devoted to crypto trading. Read more
Coinbase and Better Home & Finance launched a structure that lets borrowers pledge Bitcoin or USDC to fund the cash down payment on a conforming mortgage tied to Fannie Mae-backed loans. Crypto exchange Coinbase Global has launched a mortgage structure with Better Home & Finance that lets qualified borrowers pledge digital assets held in Coinbase accounts to fund down payments on standard conforming mortgages designed in accordance with Fannie Mae guidelines. According to Coinbase, the structure enables borrowers to pledge digital assets such as Bitcoin (BTC) or USDC (USDC) as collateral for a separate loan used to fund the down payment, while the primary mortgage remains a standard, Fannie Mae–backed loan. Better will originate and service the mortgages. When rolled out, the new development could mark a shift in how crypto assets are used in US housing finance, extending their role from qualifying assets in underwriting to a more direct component of mortgage financing. Read more
The council, co-chaired by White House AI and crypto czar David Sacks and science advisor Michael Kratsios, include Mark Zuckberg, Larry Ellison and Jensen Huang. US President Donald Trump announced the appointment of 13 members from the crypto, blockchain, AI, and technology industries to his Council of Advisors on Science and Technology, re-established by executive order in January 2025. In a Wednesday notice, the White House said that the council would include Meta CEO Mark Zuckerberg, Coinbase co-founder Fred Ehrsam, Nvidia CEO Jensen Huang, Oracle chief technology officer Larry Ellison, and others from major tech companies. According to the White House, the council could have up to 24 members, many of whom “will be appointed in the near future.” Read more
Coinbase has launched stock perpetual futures for non-US traders, expanding its push to offer round-the-clock access to multiple asset classes. Coinbase has launched stock perpetual futures for eligible non-US traders, expanding its push to offer round-the-clock access to crypto, equities and prediction markets on a single platform. In a Friday blog post, Coinbase said the product was not available to US persons at the current time, but that it was “working to expand this offering to additional regions in the future.” The contracts are available on Coinbase Advanced for retail users and Coinbase International Exchange for institutions, offering leveraged, cash-settled exposure to major US stocks and indices, including Apple (AAPL) and Nvidia (NVDA), in a format familiar to crypto traders. Read more
The new toolkit from Sam Altman's startup lets AI agents prove they are backed by a unique human while interacting with websites, APIs and other online services. World, the identity network co-founded by OpenAI CEO Sam Altman, has released AgentKit, a developer toolkit that allows AI agents to prove they are linked to a verified, unique human through World ID when interacting with websites and online services. The system integrates World ID’s proof-of-human identity with the x402 micropayments protocol started by Coinbase and Cloudflare, allowing agents to pay for access to online resources while presenting cryptographic proof that they are linked to a verified human credential. The x402 protocol allows agents to pay small fees to access websites, APIs and other services. According to an announcement, the ecosystem has processed more than 100 million payments across applications, APIs and AI agents since launching in 2025. Read more
US lawmakers are eyeing tax exemptions for US dollar stablecoins, which are pegged and do not change in value, but not other cryptocurrencies. Executives at Coinbase have denied allegations that the crypto exchange is blocking a de minimis tax exemption for Bitcoin (BTC) transactions below a certain threshold to push for stablecoin tax exemptions. Several Bitcoin advocates speculated on social media that the exchange told US lawmakers that a BTC tax exemption is not needed because BTC is not widely used as a medium of exchange. Coinbase CEO Brian Armstrong responded by calling the allegations “totally false” and a form of misinformation. Read more
The insurance broker is piloting stablecoin payments for premiums using USDC and PYUSD, testing blockchain settlement rails for faster payments in global insurance markets. Aon, one of the world’s largest insurance brokers, is testing the use of stablecoins to pay insurance premiums, highlighting the growing role of digital dollars in traditional financial infrastructure following the passage of the GENIUS bill last year. In a Monday announcement, UK-based Aon said it completed a pilot that settled insurance premiums for clients, including Coinbase and Paxos, using USDC (USDC) on Ethereum and PayPal USD (PYUSD) on Solana. Tim Fletcher, CEO of Aon’s financial services division, said the pilot reflects the company’s effort to explore stablecoins as a payment rail, predicting that tokenized assets will become more widely used in financial transactions. Read more