$COIN
RejectedCoinbase
Crypto Exchange
Neoclouds4 mentions in feed
Investment Thesis
Rejected. Sold out retail investors on stablecoin yield while securing conditional banking charter.
Rejection Reason
Only opposed the stablecoin yield ban publicly after they got their own conditional banking charter approved. Sacrificed retail ability to earn yield to gain institutional advantages. Clarity Act is a bank lobbyist bill maintaining the broken financial status quo.