COIN directional thesis
The biggest US-regulated exchange becomes the toll booth for liquidity coming home, capturing both trading flow and stablecoin growth as Washington turns friendly and offshore venues bleed.
“Yeah, I think America for the last few years before the Trump administration was fairly anti-crypto. So many of the founders left, many of the projects left, and many of the liquidity left. The biggest crypto exchanges are not in America today. The biggest blockchains, the biggest stablecoins, they're not not America-based. So I think America misses that liquidity quite a bit. America right now has very forward-looking regulations, and now people flocking back.”136:20claim_id
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