Key facts: Coinbase to Launch Prediction Markets; Urges GENIUS Act Changes
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- Coinbase will launch prediction markets, expanding its platform to include cryptocurrencies, tokenized stocks, and stablecoins. A major announcement is expected at the event on December 17.1
- Coinbase Global (COIN) urged the U.S. Treasury to limit the GENIUS Act's scope, excluding non-financial software and arguing that interest payment bans should apply only to stablecoin issuers.2
- Analysts asked about the Echo acquisition's impact on capital formation, regulatory clarity for mergers, and Coinbase Global's operational structure, receiving detailed responses from management.3