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Bitcoin traders often treat old-coin movement as a sign that long-term holders are waking up. Coinbase’s $69.5 billion BTC migration suggests that signal may be less reliable than it looks.
Under Section 404, the same stablecoin reward can look lawful or risky depending on whether it is framed as interest, a perk, a rebate, or a loyalty benefit.
Advisors are building caps, rebalancing rules, and drawdown math while crypto execs sell regret avoidance as the new thesis.
Coinbase is a publicly listed digital asset platform that operates one of the largest regulated crypto exchanges in the United States.
