Coinbase Defies Wall Street Competition Fears as Stand With Crypto Mobilizes 3.7 Million Advocates Worldwide!

Coinbase's head of Policy for Europe, Katie Harries, told CoinDesk on Friday that the exchange is "not at all" concerned about growing competition from Wall Street and traditional financial institutions. Her argument: the grassroots community behind crypto — millions of people who chose open, peer-to-peer finance on their own terms — is simply not something a bank can manufacture. "The people gathered today in London, Paris, New York, Sao Paulo and beyond are not here because a financial institution told them to be," Harries said.

The comments came alongside Stand With Crypto events spanning over 500 locations across four continents, timed to Bitcoin Pizza Day. The advocacy group, which Coinbase calls the world's largest crypto-advocacy organization, now counts 3.7 million members who have contacted lawmakers more than 2.5 million times.