Coinbase Eyes Security Token Push Amid Shifting Regulatory Landscape

Coinbase is renewing its efforts to introduce security tokens to the U.S. market, leveraging a potentially more favorable regulatory environment under the Trump administration. Earlier this week, Coinbase CEO Brian Armstrong and CFO Alesia Haas indicated renewed discussions with the SEC's crypto task force could pave the way for listing security tokens and international crypto products in the U.S. Armstrong noted that Coinbase's revenue from trading, stablecoins, and staking exceeded $700 million in 2024, with plans to scale additional financial services. The company aims to bring more assets on-chain, trading them more efficiently. Coinbase tried to issue tokenized COIN as part of its S1 process in 2020, but couldn't get it over the line with the SEC at the time.