Read Coinbase news, including earnings, legal cases, product launches, listings, policy advocacy, and exchange market developments.
The association sent a letter with five priorities to the President-elect, including regulatory clarity and ending crypto firms' "debanking."
After nearly four years as SEC Chair Gary Gensler will step down from his role the same day President Donald Trump takes office.
Hoskinson cites Armstrong's leadership at Coinbase as key to overcoming regulatory hurdles and promoting industry unity.
The prohibition follows a larger ban on crypto ETFs effective since 2017 due to the South Korean's Capital Markets Act.
It's unclear whether the position would materialize as a senior-level staff role or a broader "crypto czar" post overseeing government-wide crypto policy.
The news comes as Coinbase's cbBTC reaches 10% of WBTC market cap, following a growing participation on Aave.
Gensler also excluded Ethereum and stablecoins from other digital assets which he deems 'non-compliant.'
Former CFTC Chair Christopher Giancarlo stated he is not among the names considered to be the next SEC chief.
Coinbase's COIN50 tracks the 50 largest cryptos by market cap to introduce a broad benchmark that captures value across sectors.
