US Treasury regulates with nonbank rules even more. This is nuts, as they can easily contradict themselves in many ways. They make life much tougher but you do lose faith in all these regulatory bodies.

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Get my links here

investopedia.com/coinbase-could-leave-us-7482077#

bitcoinist.com/is-ripple-leaving-the-united-states/

cointelegraph.com/news/us-treasury-seeks-to-tighten-nonbank-rules-following-banking-crisis

coindesk.com/business/2023/04/20/crypto-exchange-coinbase-receives-license-to-operate-in-bermuda/

coinbase.com/blog/an-update-to-coinbases-global-scale-to-go-broad-and-deep

barrons.com/articles/coinbase-bitcoin-binance-8ce8547f