Does Coinbase stock come as a Security Token?

As CFO Alesia Haas pointed out at the Morgan Stanley TMT Conference, Coinbase sees good opportunities for innovation in the new regulatory environment in the US.

"I think now our U.S. regulators are looking for product innovations and want to move forward," Haas said. "A lot of you probably didn't read our first S1 application in 2020. But we tried to go public then through a Security Token. That didn't work out; we ran into walls."

According to Haas, Coinbase could now resume talks with the SEC to actually implement such projects. Currently, Mark Uyeda heads the SEC after replacing former cryptocurrency chairman Gary Gensler.

Specifically, Coinbase plans to issue its share as a Security Token and, in addition, launch other unspecified token projects, a company spokesperson stated opposite The Block.

That the SEC actually wants to create a more liberal environment for the crypto industry is evidenced by its recent decision to halt proceedings against Coinbase.

Coinbase founder Brian Armstrong will additionally participate in the first US crypto industry summit at the White House.

Also in attendance include Binance founder Changpeng Zhao, MicroStrategy founder Michael Saylor, Robinhood CEO Vlad Tenev, Kraken CEO Arjun Sethi, Exodus director Jon Paul Richardson and Cathie Wood of Ark Invest.

According to reports, the Trump administration may also announce a strategic crypto reserve there.

Currently, Coinbase shares are quoted at USD 222. Since the beginning of this year, shareholders have thus suffered a 20 percent price loss. COIN shares went public in 2020 via an IPO at a price of 342 USD.