In its blog post, Coinbase said, “Blockchain and cryptocurrency are the next must-have technology for America, our allies, and our adversaries. Its potential utility spans big data, financial transactions, and supply chains, making it a A promising business opportunity and a target for cyber-attacks. Governments can choose to implement forward-looking cryptocurrency regulation, or relinquish leadership in this space to other countries, including our adversaries.” Coinbase said, “We don’t need government oversight. subsidy or investment, but we do need access to basic legal and regulatory infrastructure to provide cryptocurrency investors with the predictability and certainty of the U.S. courts and legal system. When there are many jurisdictions (including the European Union, Brazil, Australia and It will be difficult to convince the crypto ecosystem to stay in the U.S. when many other countries are implementing favorable regulatory regimes for it.”