Coinbase Says Without Regulatory Clarity It Will Be Forced to Leave the U.S.
The Breakdown
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The US's Aggressive Regulating Halt Pushes Companies Away From the US
Sovereign wealth funds are notoriously opaque, but this news does cast new light on long-held speculation that national funds were investing in crypto. The Singapore Sovereign Wealth Fund, Temisec, has made several big-ticket investments into Web3 companies and has long been rumored to hold crypto directly. Professional organizations surrounding sovereign wealth funds deny that there is any widespread trend.
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