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Fortune

Catherine McGrath

Coinbase renews its push for tokenized securities as the Trump administration emboldens the crypto industry

Coinbase SEC COIN Crypto Donald Trump Joe Biden Haas

(Credit: Stefan Wermuth/Bloomberg—Getty Images)

As President Donald Trump ends Bitcoin because they would be subject to securities laws.

Coinbase originally sought to bring tokenized securities to the American market in 2021 through an S1 filing with the Securities and Exchange Commission. As part of the filing, Haas said, the company tried to go public with a tokenized version of its own stock, COIN. But the plan was halted by Biden’s SEC chair, crypto skeptic Gary Gensler.

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