Coinbase drops plans to launch interest product after CEO's SEC comments

Coinbase drops plans to launch interest product as regulatory tension around stablecoins runs high

"We had hundreds of thousands of customers from across the country sign up and we want to thank you all for your interest," the post said. "We will not stop looking for ways to bring innovative, trusted programs and products to our customers."

Some investors have likened Coinbase's proposed product to a simple bond, which would then make it subject to SEC oversight.

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