Then: Trump announced a strategic crypto reserve this week and holds first White House crypto summit today.

ā€œWe are entering a new era of constructive engagement between financial regulators and industry innovators. This is a welcome development—one that is critical to positioning the U.S. as the world leader in the emerging digital economy.ā€Ā 

— Michael Saylor, Founder & Chairman, Microstrategy

Coinbase is bringing its stock on-chain. After shelving the idea in 2021, the company is reviving its plan to tokenize securities—starting with $COIN.

Why it matters: This isn’t just another token listing. It would be the first real step toward turning the stock market into a global, 24/7, programmable financial system — and if they pull it off, it could change capital markets.

What you should know: In 2020, Coinbase planned to put its stock on-chain but hit SEC roadblocks. Now, with the SEC dropping its lawsuit, the company is reviving its push to tokenize securities.

Zooming out: The U.S. is weighing Bitcoin as a strategic reserve, and Coinbase is moving to tokenize securities. Under the Trump administration’s crypto-friendly SEC, the regulatory landscape is shifting fast. Tokenized securities could lower entry barriers, open global access, and enable direct, peer-to-peer transactions—reshaping how markets operate.