The implications of the SEC's 180 degree pivot are impossible for the market to price over night. This may be the best day of news for crypto ever and its so good to see the industry's beloved torchbearer, @coinbase, stand to benefit the most.
1) Biggest risk to $COIN's business is the current SEC litigation which will likely be at worst softened, at best thrown out.
2) D's pivot to compete with R's means stablecoin bill is coming and $COIN is biggest public markets beneficiary of that + upcoming Circle IPO.
3) Retail already shown to be coming back (see recent activity in meme stocks) and this regulatory stamp of approval should cement that trend. Retail trading is $COIN's largest profit segment.
4) SEC allowing ETH ETF despite its staking characteristic means $COIN's staking business is in a much better spot than before.
5) FDIC chair, chokepoint 2.0 leader, is stepping down which could pave the way for $COIN to get into banking and compete with the big Wall Street institutions.
1) Biggest risk to $COIN's business is the current SEC litigation which will likely be at worst softened, at best thrown out.
2) D's pivot to compete with R's means stablecoin bill is coming and $COIN is biggest public markets beneficiary of that + upcoming Circle IPO.
3) Retail already shown to be coming back (see recent activity in meme stocks) and this regulatory stamp of approval should cement that trend. Retail trading is $COIN's largest profit segment.
4) SEC allowing ETH ETF despite its staking characteristic means $COIN's staking business is in a much better spot than before.
5) FDIC chair, chokepoint 2.0 leader, is stepping down which could pave the way for $COIN to get into banking and compete with the big Wall Street institutions.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
