Main meals
- Coinbase revives plans for COIN’s $ and other stocks and other securities in the United States after creating a new encryption business.
- Distinctive securities provide investors such as voting rights and profit exchange while improving treatment efficiency.
Coinbase renews its efforts to classify its stock currency as part of a broader batch to bring security symbols to the United States market, an initiative that tried for the first time in 2020 but it was abandoned by organizational obstacles.
Through a newly formed coding squad in SEC, the company sees a renewed opportunity to integrate the Blockchain -based securities into traditional financing.
Elizia Haas, the financial manager of Chipir Chefir, has expressed optimism about organizational developments during the Morgan Stanley TMT conference.
“I now think that our American organizers are looking to create products and look forward to moving forward,” Haas said.
Haas revealed that Coinbase initially planned the public brand by issuing a security code representing COIN $, as it is in line with her vision to integrate Blockchain into traditional financing.
However, regulatory obstacles, including the lack of exchange of a license for commercial security symbols and the need for additional approvals, forced the company to abandon the plan in favor of a traditional direct list in April 2021.
The company now sees the possibility of expanding its offers, as Haas indicates that they can provide internationally available products to the United States market, which is already used by the world levels.
It can provide distinctive security codes, which work like traditional securities but trade on Blockchain networks, investors voting rights and profit sharing mechanisms while improving treatment efficiency.
This renewed batch follows the previous organizational challenges, including a lawsuit against Coinbase, which accused the company of operating as an unregistered stock exchange, a broker, and the clearing agency.
However, the Supreme Education Council officially requested that the case be refused to prejudice, which means that it cannot be reformulated, indicating a major shift in the organizational feeling.
Coinbase CEO Brian Armstrong has highlighted the potential benefits of distinctive securities, saying that they may provide consumers to trade around the clock.
The company previously detailed its commitment to the digital securities infrastructure in its introduction to 2020 S-1 and developed a framework for the Securities Law the distinctive symbol for compliance purposes.
Armstrong is scheduled to participate in the first White House encryption summit with President Donald Trump on Friday, highlighting the increasing dialogue between the encryption industry and policy makers.