Coinbase was among crypto firms lobbying for a bill that failed a key Senate vote. Stronger Bitcoin fund demand and a proposed custody framework point the other way, leaving no clear change to Coinbase’s outlook.
More money entering Bitcoin funds points to stronger interest in crypto, which could support Coinbase’s trading business. But Coinbase and Robinhood were among firms lobbying for a bill that failed a key Senate vote, and the custody framework is only a proposal. The story gives no Coinbase-specific business results, so it does not show a clear change for Coinbase.
Robinhood was among crypto firms lobbying for a bill that failed a key Senate vote. Stronger Bitcoin fund demand and a proposed custody framework point the other way, leaving no clear change to Robinhood’s outlook.
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