Coinbase (COIN) calls for 'crypto specific rules, rather than regulation by enforcement'

In addition to reporting its Q1 2023 earnings, Coinbase called on the U.S. to lead the way with crypto specific rules.

Bill Lavoy

May 4, 2023 2:45 PM

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Coinbase (COIN) reported its Q1 2023 earnings report today, and within the report was a call from the company for crypto specific rules. This comes following news in March that Coinbase had received an SEC Wells notice, and further news in April that Coinbase was suing the SEC to compel the regulator to respond to a July 2022 petition.

• Coinbase (COIN) CEO reveals the crypto company has received an SEC Wells notice
• Coinbase sues SEC to compel the regulator to respond to a July 2022 petition

The full statement regarding the need for crypto specific rules is below:

In addition to Coinbase calling for crypto specific rules, the company reported its Q1 2023 earnings. Going in, the Wall Street consensus EPS expectations were a $1.35 per share loss, but the company reported a smaller loss than expected. The Wall Street consensus revenue expectation was $667 million, which the company beat reporting $772.53 million in sales.

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Bill Lavoy

Managing Editor

Bill, who is also known as Rumpo, is a lifelong gamer and Toronto Maple Leafs fan. He made his mark early in his career through guide writing and a deep understanding of editorial SEO. He enjoys putting in the work to create a great content, be it a wild feature or grinding out an in-depth collectible guide. Tweet him @RumpoPlays if you have a question or comment about one of his articles.