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Author: Daniel Kuhn
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Author: Anna Baydakova
Coinbase is launching a new service for digital asset issuers that seek a listing on the biggest U.S.-based crypto exchange.
Dubbed the Asset Hub, Coinbase’s service is “a simple, streamlined product for issuers to list their assets and do business with Coinbase,” the company’s chief product officer, Surojit Chatterjee, wrote in a blog post published Thursday.
A screenshot included in the blog post outlines issuers can use the Hub to connect with Coinbase’s listings team for potential inclusion. Chatterjee wrote that “[o]ur directive is to list every compliant asset possible” but later stressed: “Issuers may be subject to regulatory approval in some jurisdictions and we therefore cannot guarantee whether or when any asset will be approved.”
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Source: Coinbase
The launch comes nearly a month after Coinbase went public with its plans for some kind of public stock offering. The U.S. crypto exchange said December 17 that it submitted a confidential S-1 filing with the U.S. Securities and Exchange Commission.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Michael McSweeney
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Author: Zack Seward
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Author: Benjamin Powers
Acting Comptroller Brian Brooks will step down today, according to a statement from the Office of the Comptroller of the Currency (OCC). The office’s COO, Blake Paulson, will take his place.
His exit was first reported by Politico Pro this week. With the move, Brooks cuts short a possible five year-term with his departure. Outgoing U.S. president Donald Trump nominated Brooks in November for a full term, pending Senate approval. Brooks ultimately chose to step down during the transition to the Biden administration instead.
Brooks served as Coinbase’s head of legal before his appointment by the Trump administration. He then spent eight months as Acting Comptroller, attempting to make strides for crypto during that time. During his tenure, he granted a federal bank charter to Anchorage, clarified that federally chartered banks can transact in stablecoins and opened the door for federally chartered banks to host reserve accounts for stablecoin issuers.
“The Office of the Comptroller of the Currency (OCC) is the most extraordinary of federal agencies filled with the most dedicated, professional, and gifted staff any executive can hope to have. I am extremely proud of what we have accomplished together through what have been extraordinary times by any measure,” Brooks said in a statement.
Paulson has been with the OCC since 1986 as a bank examiner, taking the role of COO in 2020.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Aislinn Keely
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Author: Zack Seward
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Author: Adam B. Levine
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Author: Danny Nelson
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Author: William Foxley