Vice Chairman @coinbase; fmr GC Citadel Securities, SEC Senior Advisor, White House Atty | law, politics, crypto & Duke bball (not necessarily in that order)

Joined September 2024
No CEO or company has fought harder for effective crypto regulation than @brian_armstrong and @coinbase. I'm thrilled to be taking the helm as Vice Chair to ensure Coinbase's gold standard for digital assets dominates globally. The Clarity Act is at the one yard line. From my years already spent at Coinbase and my time at the SEC, I know what a crucial unlock a regulatory framework will be to protecting millions of American consumers who use crypto in their day-to-day lives. Americans deserve the best financial opportunities and protections, so it's great to see bipartisan support for getting this done. Thanks to @morningsmaria for having me on this morning to discuss the details.
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Another day, another major step for agentic finance. Mastercard and Cloudflare know what the future looks like—and they’re building it with Coinbase.
Mastercard is now helping agents pay for digital services. Coinbase provides the agentic payments infrastructure to power each @Mastercard agent using @Cloudflare. Powered by x402 and the Coinbase facilitator. If you’re building in agentic commerce, let’s talk.
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Fostering innovation and protecting consumers isn’t an either/or. Reg Crypto could help deliver both by ensuring consumers gain access to new networks while receiving meaningful disclosures to make informed decisions. Credit to @SECPaulSAtkins for taking another important step toward regularity clarity.
Americans should be able to participate in new crypto networks from the start, with the information and protections they need to make informed decisions. That’s the goal of @SECGov’s proposed Regulation Crypto Assets, and the comment letter that @coinbase just filed. We’re grateful to @SECPaulSAtkins and the Commission for their vision and their leadership. A few thoughts.🧵
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The GENIUS Act is a critical step toward US leadership in dollar-backed stablecoins. Now comes implementation. Coinbase's comments to @USTreasury call for consistent standards across agencies that are faithful to the legislation. Getting the details right will extend the strength and reach of the US dollar.
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People need money to work for them - not the other way around. A payment sent Friday shouldn't wait until Monday, and transfer fees shouldn't bleed families dry. Nearly 3/4 of stablecoin volume moves outside banking hours, and remittance costs can be 86% lower. It's time to bring our financial system into the modern era.
Your life doesn’t run on banking hours, your money shouldn’t either. Stablecoins already meet that bar – with most volume moving on nights, weekends and holidays. 73% of volume to be exact. And that’s just one of the findings from our new research with @TheBlockCo ↓
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Stablecoins move money across borders. The next step? Connecting them directly to local networks. That's exactly what our partnership with Thunes makes possible.
Stablecoin infrastructure meets global fiat payouts. We’re partnering with @ThunesPayments to connect stablecoins with local bank accounts and mobile wallets around the world. Coinbase powers Thunes’ stablecoin infrastructure. Thunes expands Coinbase’s fiat payout reach.
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Tokenization is poised to reshape our financial markets. Clear, durable rules can help unlock its full potential - benefiting American businesses, institutions, and consumers alike. Great chatting with @joelight & @barronsonline about the latest: barrons.com/articles/wall-st…
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For years, US traders who wanted global crypto derivatives had two choices: go offshore or sit out. Soon there will be a third - onshore, through Coinbase's CFTC-regulated platform. Global markets deserve truly global liquidity.
We've been busy. → Deribit, the world's largest crypto options exchange, is now part of Coinbase → Soon, a first: US + global derivatives in one regulated liquidity pool → Next: options, spot margin + unified portfolios And Coinbase Pro returns later this year.
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No tricks, just treats for American innovation. Great to see @ChairmanSelig and the CFTC taking another step toward regulatory clarity for crypto.
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Not if, where. Thankfully, @SECgov and @CFTC are moving swiftly to establish clear rules for onshore innovation that protect and benefit American consumers. Thanks to @BitcoinMagazine and @watchbmtv for having me on today!
Coinbase's Ryan VanGrack: "The question is not whether tokenization is going to transform our financial system. It's a question of where."
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Great win made possible by some great lawyers. Not a surprise when you have the best in-house litigation team, and phenomenal outside counsel (@gibsondunn).
Prediction markets are swaps: "they just happen to be swaps that people find entertaining and fun." Couldn't have said it better. Read more about our prediction markets win in IL at the link 🔗 below. We are grateful to the court for their careful consideration.
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Day by day, the regulatory fog is lifting. The wheels of progress aren’t just turning - they’re accelerating. Another important step forward from @SECPaulSAtkins and @SECGov.
Since the advent of Bitcoin in 2008, the crypto asset market has grown from a niche curiosity into a multi-trillion-dollar asset class to which investors actively seek exposure. Unfortunately, our rules and regulations have not kept pace. To that end, today’s proposal would provide a clear regulatory framework for the custody of crypto assets, giving investment advisers and funds a compliant pathway where none existed before—and replacing the grey of uncertainty created by custody rules crafted for a bygone era.
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The next era of the internet will be shaped by AI Agents. To get there, they need more than access. They need a way to pay. Cloudflare is now using Coinbase’s x402 Facilitator to verify and settle USDC payments on Base. Stablecoins 🤝Agents.
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Ryan VanGrack retweeted
We're bringing stablecoins into the banking system with @Citi. That means instant stablecoin acceptance for institutions - all on bank-grade, regulated infrastructure. The next step for stablecoins becoming everyday money.
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Ryan VanGrack retweeted
Coinbase stock and crypto prices are both up about double digits since the Senate blocked the Clarity Act. @RVanGrack, Vice Chairman of @coinbase, tells @RemyBlaireNews with legislation stalled, the SEC and CFTC are stepping in to fill the void with new rulemaking to build out regulatory clarity.
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Tokenization. Regulation. Institutional adoption. Crypto's trajectory has never been clearer, or more promising. Coinbase is leading the way in upgrading our financial system for the digital age.
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Thanks @FINTECHTVglobal and @RemyBlaireNews for the timely conversation this morning.
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