
Crypto Wars | Block Busting | 4
Business Wars
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Navigating Regulatory Turbulence
This chapter explores a tense phone conversation regarding regulatory issues threatening Coinbase's reputation just after its launch. The dialogue highlights the scrutiny from California regulators and the precarious situation that emerging cryptocurrency exchanges face in a competitive landscape, particularly with the debut of the Winklevoss twins' Gemini exchange. As internal pressures mount, Coinbase's leadership wrestles with their identity and future amidst heightened regulatory challenges.
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