According to @jchervinsky, traditional finance firms are resisting tech-neutral policy proposals that would treat crypto fairly and erode their regulatory moat, signaling opposition to leveling the playing field for digital assets; source: @jchervinsky. For traders, this indicates policy headwinds that could delay constructive US rule changes and keep compliance and access risks elevated across onshore venues; source: @jchervinsky.

According to Jake Chervinsky, the cryptocurrency industry desires less government intervention, focusing on free market competition rather than government support or regulatory advantages (source: Twitter @jchervinsky). He emphasizes the need for fewer strategic reserves and more developer protections to enhance competitiveness in the market (source: Twitter @jchervinsky).

According to Matt Hougan, Coinbase could potentially reach a $1 trillion valuation due to the regulatory environment shaped by the previous U.S. administration. This environment created a 'regulatory moat' that has limited competition, allowing Coinbase to sustain high profit margins and dominate the market. This strategic advantage is crucial for traders evaluating future investments in Coinbase stock.