Thomas Daniels

Rakabudiswa On: 16/09/2025
Goverana!
SEC vs Coinbase: Dare Rinoramba Mhosva Yebhuroka Isina Kunyoreswa
By Rakabudiswa On: 16/09/2025

Coinbase yakasundidzira kumashure kune zvirevo zvekuti stablecoins iri kudonhedza mari yebhangi reUS, ichiramba pfungwa ye "deposit erosion" sengano isina hwaro. Mune chirevo chakabudiswa neChipiri, iyo crypto exchange yakakakavara kuti hapana humbowo hunobatanidza kugamuchirwa kwe stablecoin kune systemic outflow yemabhengi emabhengi, kunyanya panharaunda yebhangi.

Stablecoins Zvishandiso Zvekubhadhara, Kwete Maakaundi Ekuchengetedza

Iyo kambani yakasimbisa kuti stablecoins inoshanda sezviridzwa zvekutengesa, kwete zvekuchengetedza mota. Maererano neCoinbase, kutenga stablecoins-sekubhadhara vatengesi vemhiri kwemakungwa-hakurevi kubvisa mari kubva kumabhangi asi kunomiririra kuchinja kune kukurumidza uye kunobudirira kubhadhara kwenyika dzakawanda.

Coinbase zvakare akatora nyaya pamwe US ​​Treasury Kukwereta Advisory Committee mushumo kuti projected kusvika $6 tiririyoni mune zvinogona dhipoziti ndege ne 2028, pasinei kufanotaura stablecoin musika kukura chete $2 tiririyoni. Iyo kambani yakashoropodza fungidziro iyi semasvomhu isingaenderane uye yakawedzera muhukuru.

Kushandiswa Kwepasi Pose kweStablecoins Inosimbisa Kutonga Kwemadhora

Coinbase yakasimbisa kuti ruzhinji rwekuita kwe stablecoin kunoitika kunze kweUnited States, kunyanya munzvimbo dzine masisitimu emari asina kusimba akadai seAsia, Latin America, uye Africa. Muna 2024, inopfuura hafu yemadhora mazana maviri emadhora mukutengeserana kwe stablecoin kwakaitika kunze kwenyika.

Nekuti akawanda anotungamira stablecoins akasungirirwa kudhora reUS, kutorwa kwavo kwepasi rose kunosimbisa chinzvimbo chedhora repasi rose. Pane kukanganisa kugadzikana kwemari yemumba, Coinbase anopikisa, kushandiswa kwedhora-backed stablecoins kune dzimwe nyika kunowedzera simba reAmerica mari pasina kukanganisa kuwanikwa kwechikwereti kumba.

Mabhangi Anotarisana Nemakwikwi, Kwete Kutyisidzirwa

Coinbase yakaronga gakava pamusoro pemakwikwi panzvimbo yengozi, ichitaura kuti mabhanga anogadzira mari inosvika madhora mabhiriyoni 187 gore negore kubva pamari yekutsvaira kadhi-nzvimbo iyo stablecoins inopa imwe nzira yakaderera. Kambani iyi yakakurudzira kuti hunyanzvi, kwete mutemo, ndihwo hunofanirwa kunge huri mhinduro yebazi rezvemari.

Zvichitevera ndima yeKutungamira uye Kugadzira National Innovation yeUS Stablecoins Act (GENIUS Act), kambani yakaona kuti mitengo yemasheya emakambani e-crypto nemabhangi yakakwira pamwe chete-chiratidzo, chaiti, kuti maindasitiri ese ari maviri anogona kubudirira panguva imwe chete.

Zvisineyi, masangano emabhanga echinyakare akakurudzira vamiriri vemitemo kuti vavhare maburi emutemo muGENIUS Act iyo inogona kubvumira mafemu e crypto kana mapuratifomu akabatana kupa mubereko-segoho pastablecoins. Masangano emakambani eCrypto akakurudzira Congress kuti irambe zvikumbiro izvi, yambiro kuti ichamisa hunyanzvi uye kudzika mukana wemakwikwi emabhangi aripo.

Strategic Implications yeMari

Mhinduro yeCoinbase inoratidzira kupatsanurwa kwakakosha mukuti vatongi uye vatori vechikamu vemusika vanoona sei mari yedhijitari. Kune rimwe divi, mabhangi anonyevera nezve systemic njodzi uye regulatory arbitrage. Kune rimwe divi, makambani e-crypto anopikisa kuti masangano aripo anotya kukwikwidza uye ari kushandisa mutemo kuchengetedza kutonga kwemusika.

Iyo yenguva refu trajectory yekugamuchirwa kwe stablecoin ingangoenderana nekuti zvakanaka sei zvigadziriso zvimiro zvekuenzanisa hunyanzvi nekuderedza njodzi. Nhaurirano iripo inogona kupedzisira yagadzirisa kwete chete indasitiri yekubhadhara asiwo basa reUS dollar mumari yepasi rose.