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Date: Thu, 18 Aug 2022 00:26:39 +0000
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From: Coinbase Bytes <newsletter@mail.coinbase.com>
Message-ID: <01000182ae584e84-2ca3aa20-b32b-43a4-841a-08822ec83ece-000000@email.amazonses.com>
Mime-Version: 1.0
Reply-To: newsletter@mail.coinbase.com
Subject: The key crypto bills in Congress
To: Vincent Herbert <vince@showfile.com>

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Content-Type: text/plain; charset=UTF-8
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Coinbase Bytes How will crypto legislation shape up in the U.S.? View in br=
owser
=20
<https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=
=3Df3fd59493c474d16a3228b442aff5bdc&_e=3D0YGPyspr-3x2ETcJ4USkT3TMDlCKeHuom_=
9VvT9Oecd5ULkawEsM6PyD7tLiuFfyOAUVOJzoWj2QZp71wgQQEFNIVkM3RMy_TVQ3iOEZz4Eog=
4h2vBalYoyRpvXzH9aHMoulI2-l_m_Ovqr6gSjkFA%3D%3D>
 <https://coinbase.com>=20
 18 Aug 2022=20
 <https://www.coinbase.com>=20
Several bipartisan bills aiming to provide regulatory clarity for crypto ar=
e=20
working their way through Congress. [Image via Caleb Perez]

What=E2=80=99s up? It=E2=80=99s Coinbase Bytes

There=E2=80=99s never a dull moment on the blockchain. Here=E2=80=99s what =
you need to know=20
this week:

 * Crypto bills are gaining momentum in Congress. We=E2=80=99re taking a cl=
oser look=20
at some of the most recent and potentially consequential pieces of legislat=
ion.=20
 * Key cryptoverse quotes Terra founder Do Kwon comments on the infamous=20
collapse of his algorithmic stablecoin and other soundbites from the week.=
=20
 * Noteworthy numbers The rapidly growing amount of professionals with=20
blockchain jobs and other key stats to know=20




Bitcoin

 =C2=A319,385.50=20

 -1.14%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,524.26=20

 +0.47%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20


Cardano

 =C2=A30.45=20

 +0.29%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20

Solana

 =C2=A333.66=20

 -3.05%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20


Dogecoin

 =C2=A30.07=20

 +14.04%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20

Polkadot

 =C2=A36.95=20

 -10.90%=20
 <https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20


Bitcoin

 =C2=A319,385.50=20

 -1.14%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,524.26=20

 +0.47%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20

Cardano

 =C2=A30.45=20

 +0.29%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20


Solana

 =C2=A333.66=20

 -3.05%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20

Dogecoin

 =C2=A30.07=20

 +14.04%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20

Polkadot

 =C2=A36.95=20

 -10.90%=20
 <https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20
Price changes are for the past week, ending on Aug 18, 2022 at 12:08 AM UTC
See the latest prices <>=20



 BILLS BILLS BILLS=20

A closer look at the the biggest crypto bills in Congress=20

While the last several months of crypto headlines have focused primarily on=
=20
plummeting andrecovering=20
<https://www.coinbase.com/bytes/archive/ethereum-merge-rally-explained> pri=
ces,=20
the evaporating liquidity ofsome=20
<https://blog.coinbase.com/institutional-insights-our-approach-to-crypto-fi=
nancing-cf550bda891a>
 crypto firms, and, more recently,enforcement=20
<https://www.theblock.co/post/163252/dangerous-precedent-crypto-execs-slam-=
arrest-of-suspected-tornado-cash-developer>
 by U.S. regulators (more on this later) =E2=80=94 one overlooked theme has=
 been the=20
ever-growing number of crypto bills gaining momentum in the U.S. Congress.=
=20
According toForbes=20
<https://www.forbes.com/sites/jasonbrett/2022/05/19/congress-has-introduced=
-50-digital-asset-bills-impacting-regulation-blockchain-and-cbdc-policy/?sh=
=3D86556204e3f0>
, at least 50 (!) digital asset bills and resolutions have been proposed in=
 the=20
last year, not to mention President Biden=E2=80=99s Marchexecutive order=20
<https://www.whitehouse.gov/briefing-room/statements-releases/2022/03/09/fa=
ct-sheet-president-biden-to-sign-executive-order-on-ensuring-responsible-in=
novation-in-digital-assets/>
 to create a legal framework for crypto. This week, we=E2=80=99re taking a =
closer look=20
at some of the most recent proposed legislation. Let=E2=80=99s dig in.

 * Earlier this month, Sens. Debbie Stabenow (D-MI) and John Boozman (R-AR)=
=20
introduced a bill recognizing both BTC and ETH as digital commodities.The b=
ill=20
gives the Commodity Futures Trading Commission (CFTC) jurisdiction over=20
=E2=80=9Cdigital commodities,=E2=80=9D and defines that term to broadly cap=
ture potentially a=20
lot more than just the top-two cryptocurrencies. TheDigital Commodities=20
Consumer Protection Act=20
<https://www.agriculture.senate.gov/imo/media/doc/crypto_one-pager1.pdf> wo=
uld=20
create federal standards for crypto commodity trading and help clarify how=
=20
crypto commodityspot <https://www.investopedia.com/terms/s/spotmarket.asp>=
=20
markets should work. So far, the bill has been metfavorably=20
<https://cointelegraph.com/news/senators-stabenow-boozman-introduce-crypto-=
bill-that-extends-cftc-s-regulatory-powers>
 by most of the crypto industry, as well asconsumer groups=20
<https://www.washingtonpost.com/business/2022/08/03/stabenow-boozman-bitcoi=
n-cftc-bill/>
.=20
 * In June, Sens. Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) propo=
sed=20
a bill which they described as a =E2=80=9Ccomplete regulatory framework for=
 digital=20
assets.=E2=80=9DTheir Responsible Financial Innovation Act=20
<https://www.lummis.senate.gov/wp-content/uploads/Lummis-Gillibrand-Section=
-by-Section-Final.pdf>
 would also classify many cryptocurrencies as commodities; create tax=20
exemptions for crypto transactions up to $200 as well as for miners=E2=80=
=99block=20
rewards=20
<https://www.investopedia.com/terms/b/block-reward.asp#:~:text=3DA%20block%=
20reward%20refers%20to,to%20hit%20zero%20around%202140.>
; requirestablecoins=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-stablecoin> to be f=
ully=20
backed by =E2=80=9Chigh-quality liquid assets=E2=80=9D like U.S dollars; an=
d ask the Treasury=20
Department to study potential use-cases ofDeFi=20
<https://www.coinbase.com/learn/crypto-basics/what-is-defi>. The crypto=20
industry's response was largely positive for this bill, too. Sheila Warren,=
 CEO=20
of Crypto Council for Innovation said the bill could help the U.S. =E2=80=
=9Cretain its=20
leadership role as a global innovator.=E2=80=9D=20
 * There are also two bipartisan bills focused on stablecoins and crypto=20
transaction taxes that are in the legislative pipeline.At the end of July,=
=20
Sens. Pat Toomey (R-PA) and Kyrsten Sinema (D-AZ) introduced a bill that wo=
uld
exempt=20
<https://twitter.com/SenToomey/status/1551955129271828480?ref_src=3Dtwsrc%5=
Etfw>=20
crypto transactions under $50 fromcapital gains=20
<https://www.coinbase.com/learn/your-crypto/understanding-capital-gains> ta=
xes.=20
Meanwhile, House Financial Services Committee Chairwoman Maxine Waters (D-C=
A)=20
and Ranking Member Patrick McHenry (R-NC) are negotiating a bill =E2=80=94 =
nowdelayed=20
<https://www.coindesk.com/policy/2022/07/25/us-stablecoin-bill-delayed-but-=
draft-language-may-soon-emerge/>
 until after August =E2=80=94 that would establish federal oversight of sta=
blecoins.=20
While the details are still being worked out, the bill is expected to provi=
de a=20
path for nonbanks (like Circle, which issues USDC) as well as banks to beco=
me=20
regulated stablecoin issuers. Approved firms would also need to fully back=
=20
stablecoins with highly liquid assets like cash or short-term government de=
bt.=20
(Read Coinbase=E2=80=99s lateststablecoin research=20
<https://assets.ctfassets.net/c5bd0wqjc7v0/79db1PxjBTv1JbL574fFvA/dc38c8c96=
dc97c3752fd81a61d0f134a/CBI-StablecoinWhitepaper-July-2022.pdf>
.)=20


Why it matters=E2=80=A6 Over the last several weeks, you may have caught he=
adlines=20
about the SEC=E2=80=99s allegations that certain cryptocurrencies are secur=
ities (read=20
here whyCoinbase doesn=E2=80=99t list securities=20
<https://blog.coinbase.com/coinbase-does-not-list-securities-end-of-story-e=
58dc873be79>
), or seen stories about the U.S. Treasury Department sanctioning a virtual=
=20
currency mixer calledTornado Cash=20
<https://decrypt.co/resources/what-are-coin-mixers-tornado-cash-how-do-they=
-work>
 =E2=80=94 a mixer is aneutral piece of code=20
<https://twitter.com/brian_armstrong/status/1558941361465749504?cxt=3DHHwWg=
MCjvZO6vKIrAAAA>
 that enhances privacy while transacting, which can be needed, for example,=
 to=20
safely provide support to particular causes (more on that below in Takes).=
=20
Though the details in each instance are different, some have criticized the=
se=20
actions asregulation by enforcement=20
<https://twitter.com/CarolineDPham/status/1550159347984044033?s=3D20&t=3D9w=
le9vvn1J7GoZYs39fOug>
, or resolving regulatory questions through litigation instead of the typic=
al=20
rule making process that engages with the public and experts. Only time wil=
l=20
tell how crypto regulation develops in the U.S. and around the world.
Explore policy research=20
<https://www.coinbase.com/institute?src=3Dbillsbillsbills_cta>=20



 TAKES=20

Terra=E2=80=99s Do Kwon on UST=E2=80=99s infamous collapse, and other key q=
uotes from across=20
the cryptoverse

Terra apologia... =E2=80=9CI bet big and I think I lost,=E2=80=9D was how T=
erraform Labs=20
co-founder Do Kwon described the now-infamous collapse of Terra=E2=80=99s a=
lgorithmic=20
UST stablecoin in aninterview=20
<https://twitter.com/coinage_media/status/1558845949132394499?t=3DOFEcqFXJk=
UMEiNozlfb-SA&s=3D19>
 with Coinage Media, released on Monday. Earlier this summer, Kwon had defe=
nded=20
himself in the Wall Street Journal bysaying=20
<https://www.wsj.com/articles/do-kwons-crypto-empire-fell-in-a-40-billion-c=
rash-hes-got-a-new-coin-for-you-11655914487>
 =E2=80=9Cmy actions 100% match my words. There is a difference between fai=
ling and=20
running a fraud.=E2=80=9D

Monkey business=E2=80=A6=E2=80=9CWhile Web3 is making a lot of attempts at =
finding other ways=20
of communicating with people, if you're trying to hit email, you're kind of=
=20
stuck with platforms like Mailchimp,=E2=80=9D was the reaction ofEdge=20
<https://edge.app/blog/?af=3Dgoogle-com> Wallet CEO Paul Puey after his com=
pany=E2=80=99s=20
account was suspended from the well-known email marketing platform, along w=
ith=20
the accounts of crypto research firmMessari <https://messari.io/> and crypt=
o=20
news site Decrypt, among others. As Decryptnotes=20
<https://decrypt.co/107099/intuit-owned-mailchimp-is-banning-crypto-content=
-creators>
, this is not the first time Mailchimp has removed reputable crypto compani=
es=20
from its platform, nor is it alone among major email service providers in=
=20
restricting crypto company communications. Messari founder Ryan Selkis=E2=
=80=99reaction=20
<https://twitter.com/twobitidiot/status/1557481836154175488> to the suspens=
ion=20
illustrated a key motivator for moving from a centralized web2 toward a=20
decentralized web3: =E2=80=9CYou're proving our point. Mailchimp=E2=80=94an=
d all speech=20
censors=E2=80=94must be destroyed.=E2=80=9D



In the mix=E2=80=A6 =E2=80=9CI'll out myself as someone who has used TC to =
donate to this=20
exact cause,=E2=80=9Dsaid=20
<https://twitter.com/VitalikButerin/status/1556925602233569280> Ethereum=20
Co-Founder Vitalik Buterin about a donation he had made to support Ukraine=
=20
using crypto mixer platform Tornado Cash. In the wake of the U.S. Treasury=
=20
Department=E2=80=99s sanctions against Tornado Cash for allegedly launderin=
g ill-gotten=20
funds, the ability to maintain anonymity when donating to causes such as=20
Ukraine was pointed to as one of the important use cases for mixer platform=
s.
Learn how to donate crypto=20
<https://www.coinbase.com/learn/crypto-basics/how-to-donate-crypto?src=3Dta=
kes_cta>
 <http://coinbase.com/buy?src=3Dbytesdynamicbanner_cta>=20

 NUMBERS TO KNOW=20

58,750,000,000,000,000,000,000

That is (approximately) how many hashes=20
<https://www.investopedia.com/terms/h/hash.asp> are left to mine on Ethereu=
m=E2=80=99s=20
proof-of-work network as the blockchain prepares to execute its long-awaite=
d =E2=80=9C
merge=20
<https://www.coinbase.com/bytes/archive/what-is-the-ethereum-merge-proof-of=
-stake>
=E2=80=9D to a proof-of-stake network. Given the currenthash rate=20
<https://etherscan.io/chart/hashrate>, the merge is predicted to take place=
 on=20
September 15, 2022. As JPMorgannoted=20
<https://www.theblock.co/post/163429/ether-leads-the-charge-as-crypto-price=
s-surge-the-week-in-markets>
 in a recent research report, =E2=80=9Cthe role of miners will effectively =
end when the=20
transition takes place.=E2=80=9D

76%

The global percentage increase of LinkedIn members working in the blockchai=
n=20
industry compared to last year, according to a newreport=20
<https://static.coinall.ltd/cdn/assets/plugins/2022/08/20220809124351432.pd=
f>=20
from the professional social network and crypto exchange OKX. The report fo=
und=20
that the U.S., India, and China lead the field for global blockchain talent=
,=20
while the U.S., China, and France are the top three countries in terms of=
=20
demand for blockchain talent.

1

The number of crypto-and-metaverse-related trademark applications filed=20
<https://tsdr.uspto.gov/documentviewer?caseId=3Dsn97536450&docId=3DAPP20220=
809100323#docIndex=3D1&page=3D1>
 jointly by powerhouse Spanish football clubs (and archrivals) Barcelona an=
d=20
Real Madrid covering their plans for everything from e-wallet software to=
=20
virtual clothing. The La Liga giants are part of a growing trend of footbal=
l=20
clubs, and footballers, submitting such applications =E2=80=94 earlier this=
 year French=20
club Paris Saint-Germain=20
<https://finbold.com/football-giants-real-madrid-and-barcelona-file-a-joint=
-trademark-application-for-crypto-and-metaverse/>
 (home to superstars Lionel Messi, Neymar and Kylian Mbappe) made a similar=
=20
crypto and web3-focused trademark filing, as did England legend David Beckh=
am.
Read up on proof of stake=20
<https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proo=
f-of-stake?src=3Dnumberstoknow_cta>



 AROUND COINBASE=20

Updates on the Ethereum merge, USDC, and Bitcoin=E2=80=99s Lightning Networ=
k

 * With the Ethereum merge fast approaching, here=E2=80=99s a guide=20
<https://blog.coinbase.com/the-ethereum-merge-is-coming-heres-what-you-need=
-to-know-5f3b3045aab2>
 to what users can expect from Coinbase when the merge takes place (TL;DR: =
no=20
action is required on your part!).=20
 * Stablecoins are a critical part of creating a more open financial system=
.=20
That=E2=80=99s why Coinbase co-founded the Centre Consortium, to invest in =
the build of
USDC <https://www.coinbase.com/price/usdc>, the second largest stablecoin b=
y=20
market capitalization. Learn more about Coinbase=E2=80=99s thinking on USDC=
 with this
article=20
<https://blog.coinbase.com/usdc-the-digital-dollar-for-the-global-crypto-ec=
onomy-eee151136d8b>
 from our company blog.=20
 * The Lightning Network is a layer-2 protocol built on top of Bitcoin that=
=20
can, theoretically, enable millions of instant transactions per second at=
=20
little cost, overcoming a major Bitcoin network limitation when it comes to=
=20
scalability. But how likely is the Lightning Network to achieve this goal? =
The
latest deep dive=20
<https://blog.coinbase.com/is-the-bitcoin-lightning-network-for-real-26e470=
29687f>
 from Coinbase Ventures=E2=80=99 Around the Block unpacks the question.=20
 * Chief Product Officer Surojit Chatterjee joined Laura Shin=E2=80=99s Unc=
hained=20
podcast to discuss how Coinbase is integrating its main app with web3 and h=
ow=20
crypto can become a utility asset rather than simply a tradable asset.Liste=
n=20
here=20
<https://unchainedpodcast.com/coinbase-cpo-surojit-chatterjee-explains-why-=
he-believes-the-exchange-will-win-ep-385/>
.=20





 TOKEN TRIVIA=20

What was the name of Ethereum=E2=80=99s first testnet merge?

A Goerli=20
B Ropsten=20
C Sepolia=20
D 2ETH 2Furious=20
Find the answer at the end of the email.
Learn about the merge=20
<https://www.coinbase.com/bytes/archive/ethereum-merge-rally-explainedsrc=
=3Dtrivia_cta>



 NOW TRADING ON COINBASE=20

GUSD=20
GUSD is a stablecoin running on Ethereum that attempts to maintain a value =
of=20
US $1.00.
 <https://www.coinbase.com/price/gemini-dollar?bytes_new=3Dgemini-dollar>=
=20
CELR=20
CELR is an Ethereum token that powers the Celer Network, a layer-2 scaling=
=20
platform to build fast, easy-to-use, low-cost and secure blockchain=20
applications at internet scale.
 <https://www.coinbase.com/price/celer-network?bytes_new=3Dceler-network>=
=20
STG=20
STG is an Ethereum token that powers the Stargate Finance ecosystem.=20
 <https://www.coinbase.com/price/stargate-finance?bytes_new=3Dstargate-fina=
nce>=20
LOKA=20
LOKA is an Ethereum token that powers the League of Kingdoms MMO strategy g=
ame=20
where gamers fight for the dominion of land.
=20
<https://www.coinbase.com/price/league-of-kingdoms?bytes_new=3Dleague-of-ki=
ngdoms>


Trivia answer

B Ropsten=20

 <https://itunes.apple.com/us/app/coinbase-bitcoin-wallet/id886427730?mt=3D=
8> =20
<https://play.google.com/store/apps/details?id=3Dcom.coinbase.android>=20
Disclaimer: This material is the property of Coinbase, Inc., its parent and=
=20
affiliates ("Coinbase"). The views and opinions expressed herein are those =
of=20
the author and do not necessarily reflect the views of Coinbase or its=20
employees and summarizes information and articles with respect to=20
cryptocurrencies or related topics that the author believes may be of inter=
est.=20
This material is for informational purposes only, and is not (i) an offer, =
or=20
solicitation of an offer, to invest in, or to buy or sell, any interests or=
=20
shares, or to participate in any investment or trading strategy, (ii) inten=
ded=20
to provide accounting, legal, or tax advice, or investment recommendations =
or=20
(iii) an official statement of Coinbase. No representation or warranty is m=
ade,=20
expressed or implied, with respect to the accuracy or completeness of the=
=20
information or to the future performance of any digital asset, financial=20
instrument or other market or economic measure. The information is believed=
 to=20
be current as of the date indicated on the materials. Recipients should con=
sult=20
their advisors before making any investment decision. Coinbase may have=20
financial interests in, or relationships with, some of the entities and/or=
=20
publications discussed or otherwise referenced in the materials. Certain li=
nks=20
that may be provided in the materials are provided for convenience and do n=
ot=20
imply Coinbase's endorsement, or approval of any third-party websites or th=
eir=20
content. Coinbase, Inc. is not registered or licensed in any capacity with =
the=20
U.S. Securities and Exchange Commission or the U.S. Commodity Futures Tradi=
ng=20
Commission.



 =C2=A9 Coinbase 2022 | Coinbase Europe Limited=20
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or within the scope of jurisdiction of the UK Financial Ombudsman Service.=
=20
Investing in cryptocurrency comes with risk and cryptocurrency may gain in=
=20
value, or lose some or all value. Capital gains tax may be applicable to=20
profits from cryptocurrency sales.


Unsubscribe=20
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s"><td style=3D"text-align: left; vertical-align: middle;"><a href=3D"https=
://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3=
fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJXwF9Jwsks5fQ-XuvR6=
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pener noreferrer"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/=
users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741819225=
5878e9689713/image2.png" width=3D"100%" style=3D"display: block; width: 100=
%;"></a></td><br>@media(max-width:590px){.cta_button{width:100%!important}.=
block-grid{width:100%!important;max-width:100%!important}.mobile_hide{min-h=
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head> <body style=3D"margin: 0;padding: 0;-webkit-text-size-adjust: 100%;ba=
ckground-color: #FFFFFF;font-family: Helvetica Neue, Helvetica, Arial, sans=
-serif;font-size: 16px;color: #0A0B0D;"><span style=3D"color:transparent;vi=
sibility:hidden;display:none;opacity:0;height:0;width:0;font-size:0;">How w=
ill crypto legislation shape up in the U&#46;S&#46;?</span><img src=3D"http=
s://links.coinbase.com/e/eo?_t=3D3aca56371967418192255878e9689713&amp;_m=3D=
f3fd59493c474d16a3228b442aff5bdc&amp;_e=3D0YGPyspr-3x2ETcJ4USkT3TMDlCKeHuom=
_9VvT9Oecd5ULkawEsM6PyD7tLiuFfySP0Nvm-5yufPgx5tlfwFEOllk-qe7UWNtkPaYPXZpSMI=
IhZ5gx3198aQh1OphkpqZzGFkU_LoE7jqMZrghZSJTDi85CUnNQJKNvKy4wi1x0OVVESaKPBuPr=
UywFSQOAUwbSOPcqazxeny51R-P09SQ%3D%3D" style=3D"border:0;width:1px;height:1=
px;border-width:0px!important;display:none!important;line-height:0!importan=
t;" width=3D"1" height=3D"1"/> <div id=3D"root" style=3D"min-width: 320px; =
background-color: #FFFFFF; width: 100%"> <div style=3D"min-width: 320px; ma=
x-width: 570px; overflow-wrap: break-word; word-break: break-word; margin: =
0px auto;" class=3D"block-grid"> <div style=3D"padding: 0px 10px 10px;"> <d=
iv style=3D"text-align: right; margin-bottom: 24px;"><a href=3D"https://lin=
ks.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493=
c474d16a3228b442aff5bdc&_e=3D0YGPyspr-3x2ETcJ4USkT3TMDlCKeHuom_9VvT9Oecd5UL=
kawEsM6PyD7tLiuFfyOAUVOJzoWj2QZp71wgQQEFNIVkM3RMy_TVQ3iOEZz4Eog4h2vBalYoyRp=
vXzH9aHMoulI2-l_m_Ovqr6gSjkFA%3D%3D" target=3D"_blank" rel=3D"noopener nore=
ferrer" style=3D"color: rgb(91, 97, 110); text-decoration: none; line-heigh=
t: 1.5; font-size: 12px;">View in browser</a></div> <div style=3D"margin-bo=
ttom: 20px;"> <table style=3D"width: 100%;"> <tbody> <tr> <td style=3D"text=
-align: left; vertical-align: middle;"><a href=3D"https://links.coinbase.co=
m/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a3228b=
442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJZ5cl1QjEOEvfwp0RVsxgxbzov9Pj7-Vd2iNY1A=
m-uFocjNDcZSeylzZ7Knf57z-Ol8Av-76fH6LWn-qep76jza3QtdqF0nRSEEQ48ZAkGvADvbq7c=
gdSoybO5WVbRcbH-Bjsq0xtQkOChEbTG5CsjC9upzAUoqYexQ_4krmJqOKl4iVvx5ObuvHMkR0t=
0PR-WvMw9JnehWPJVzcGsqaBNaiTeKIArRCENeRZzSDviQWtV_YE4piA42FFHcLauKkYgumb3E3=
IrguncfPzWygXqHO7K-3F2xK_r8-WaDoVzuCEQw6PB1FZF1i2XNCDIIzKWX-v41JpnVua1ZG2Zk=
YD8GVJpribLLX9ZUYYPojJJZ4" title=3D"Coinbase Bytes" target=3D"_blank" rel=
=3D"noopener noreferrer"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/=
public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674=
18192255878e9689713/cbytes-4x.png" height=3D"36" style=3D"display: block; h=
eight: 36px;"></a></td> <td style=3D"text-align: right;"><p style=3D"font-s=
ize: 20px; color: rgb(10, 11, 1); margin: 10px 0px 0px;"> 18 Aug 2022 </p><=
/td> </tr> </tbody> </table> </div> <a href=3D"https://links.coinbase.com/a=
/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a3228b442=
aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJXwF9Jwsks5fQ-XuvR6-K41RzOW7zlO1daE97v9T8w=
SU6hlPDKd0xCRY724EyxvBvJ0Y1UYQ6KJkjwUKmvrc7mavmt-xwmcSE1HZdvPpznNPda9CKkS1J=
Hf7SZmRougB42wJbOLKtx6uCKdqMTO-dW8hf_yX_8p3rc2B03_RwzNi0mb6-YVPV97ISI1b0a5f=
Oxe_lzbG_0rxxARcDri2_YOztVhZQCikTWnmkhzo1h9N2V6_vsRazWTUfUfpNXDvjz1bSqdD_-6=
7wXbbNvZbvi8BRW4XGcaA4ATkgseemHAF7Qkwvzn2_Dz5wEqYiu3bg8cpabACUHwoUekB6l8KyW=
vfTXa9X1x8kDLYe1JwTaxA" target=3D"_blank" rel=3D"noopener noreferrer"><img =
src=3D"https://images.ctfassets.net/q5ulk4bp65r7/66HNXa0QT77ia01qTH51ci/c2b=
314f8494d5c333b53b44ebb03c8d6/Image_via_Caleb_Perez.jpg" width=3D"100%" sty=
le=3D"display: block; width: 100%;"></a> <p style=3D"margin: 16px 0px 0px; =
line-height: 1.5; word-break: break-word; font-size: 12px; color: rgb(91, 9=
7, 110);">Several bipartisan bills aiming to provide regulatory clarity for=
 crypto are working their way through Congress. [Image via Caleb Perez]</p>=
 <p style=3D"margin: 48px 0px 16px; font-size: 32px; line-height: 1.26; wor=
d-break: break-word;"><strong>What=E2=80=99s up? It=E2=80=99s Coinbase Byte=
s</strong></p> <p style=3D"margin: 0px; line-height: 1.6; word-break: break=
-word;">There=E2=80=99s never a dull moment on the blockchain. Here=E2=80=
=99s what you need to know this week:</p> <!--[if mso]><ul style=3D"line-he=
ight:1.6;mso-line-height-alt:26px;"><![endif]--><!--[if !mso]><!-- --><ul s=
tyle=3D"margin: 10px 0px; padding-left: 24px; line-height: 1.6;"><!--<![end=
if]--> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>Crypto bills ar=
e gaining momentum in Congress. </strong>We=E2=80=99re taking a closer look=
 at some of the most recent and potentially consequential pieces of legisla=
tion.</li> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>Key cryptov=
erse quotes </strong>Terra founder Do Kwon comments on the infamous collaps=
e of his algorithmic stablecoin and other soundbites from the week.</li> <l=
i style=3D"margin: 0px; padding: 6px 0px;"><strong>Noteworthy numbers </str=
ong>The rapidly growing amount of professionals with blockchain jobs and ot=
her key stats to know</li> </ul> <p style=3D"margin: 0px; padding: 0px;"></=
p> <!--[if !mso]><!--> <div class=3D"desktop_hide" style=3D"mso-hide:all;di=
splay:none;max-height:0;overflow:hidden;"> <table style=3D"width:100%;table=
-layout:fixed;margin:0;"> <tbody> <tr> <td style=3D"padding-top:40px;"> <a =
href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e96=
89713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJeKeb3=
vt5vCktSLkABLBKR-UK8Ln_1sS-5ax_tbgzkE7cZLqTHZohWin0bElX1lDivDAWohB3bgetWrPa=
V6kdWhcBrp-0cM9AhYa_o7W3DqGGbPaTd-ZjDGHlr0lfOw3rjF2sX_uMg6XHp82IbNEy0cs0ZkD=
njAX9VseCOGfZw6NlgKAwZtiERJH_qjr0FRMkT8wX0gKEA5bis_C63b5esC-S9uFsK58uORVkSo=
WqcGwmk5KS4Y93lcep7btKS5_G9xgb8PHHfTuB8FO02x3KDgCXU2dgg3Y2R6qvOvNsK3WE8J-NB=
-64Dkb8rgNVzMAQtl15_0MliEvj7rwVb5ic4D7ljTCXYZi4EYmr2xiq6bvnJ1sPuEBAgGy2FYcQ=
sQdzFMqQUCJf64J9to5HudowLk%3D" target=3D"_blank" style=3D"text-decoration:n=
one;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-a=
lign:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/=
Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9=
689713/down-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0=
px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"pad=
ding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0=
px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Bitcoin</strong></p=
> <p style=3D"margin:8px 0px;"> =C2=A319,385.50 </p> <p style=3D"margin:0;f=
ont-size:12px;"> -1.14% </p> </div> </td> </tr> </tbody> </table> </a> </td=
> <td style=3D"padding-top:40px;"> <a href=3D"https://links.coinbase.com/a/=
click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a3228b442a=
ff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJeKeb3vt5vCktSLkABLBKR9GOierwK-LHLSg2IVW-ne=
qz5uKuEBNbXFs2O22xh7J72IX3MG5LAgvDuA5UeuVkUfp7-EAMmY4zxaRq4x-D8WLs8RzxwxNYx=
obyRNuWS0fLgEQqRtYvHBzMuNmKzSDCFFLzhJMWMG-S9ErxGD9JbpBCvE4su7p68smDu30UUPZf=
uCDOJvf0jrr_qGyV9HPudaLMNFyS3Xh_d-npwWmKhhOqCBAi8IGmP51g3WWLwMIU_ZSNZDVRwZM=
jXlI3P1gZYUzHoD3ngfF9wbFgYaPqNTTxzADMGtJovmKG2coZiI343w1ciDy0VBfw_FcChlACXR=
IcHYDvx9KcAb18J_z-Xo1FaPxQtDnzNoMGD5E-BjngXp-ej2z-HGFjlMTeDHp2qA%3D" target=
=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> =
<tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2=
d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c=
542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" style=3D"height:=
12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" w=
idth=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=
=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"ma=
rgin:0;"><strong>Ethereum</strong></p> <p style=3D"margin:8px 0px;"> =C2=A3=
1,524.26 </p> <p style=3D"margin:0;font-size:12px;"> +0.47% </p> </div> </t=
d> </tr> </tbody> </table> </a> </td> </tr> <tr> <td style=3D"padding-top:2=
0px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjW=
pzeQJeKeb3vt5vCktSLkABLBKR-C0TIdSTL_ItJhI--5TEiI1_Wpia99yF1HrbMa-Z5e9vWuYZB=
G7AS2GDr1KeTNFJBFfJIvKaxGS8B3URJCS86XYNG4KBdFKAwwCvatLU5rjw2UeL-CBnmdVWfR7F=
4x0e8WdHIYNXD3rRMtlL-zOnB3TaF009SNprYxTqymcIsYXq10T6UOWLrJSoZTgkoQ1ebOG3-9H=
TMdUBa9eZ71dDeODePghBbvlOqoSC3MPzzBiEfLBwbHYn_l5SABccqV4Lft2imMX2H2UtCKFfKK=
EzGurT-647KCFyn40c2lc8i7d5U_UiYDSM-JwWAqyVF4nku61PGPOCswRUXpl1tuSvYLlnuXoZJ=
jVESHlRmg6H9UuUb7kXmkdklDOk83V5hgPsA%3D" target=3D"_blank" style=3D"text-de=
coration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;=
vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/pub=
lic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674181=
92255878e9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2px 0=
px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td styl=
e=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0=
px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Cardano</st=
rong></p> <p style=3D"margin:8px 0px;"> =C2=A30.45 </p> <p style=3D"margin:=
0;font-size:12px;"> +0.29% </p> </div> </td> </tr> </tbody> </table> </a> <=
/td> <td style=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com=
/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a3228b4=
42aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJeKeb3vt5vCktSLkABLBKR-gvEbo_QK85LZ5chNr=
13IVysCJGo2cq3xur4mkzb4frlsNh0oudhxjwSVs7nMxazk1ODJf7f5JzDNIs_tV911vDozEz0P=
Z5slJx48FUQBq4Zcw-aqYcGnZd7UH3fMf8v8yxHBedEDTSX_d3WwuHvg2eY-WSVxpq-RlyYWcXb=
CG0qyyzRSWnptJ-dFmxottUbFRfqJwh_3-hNB7etAiRswmXwpiTgiBPJZKzRqnYc6Q1Tg0M54dG=
TtE-0-7Or7ADapAjuWkj_J44hCN-08FY5GZ7rDje8RTOdZbOEkdYysc5eLK1PEvVxTRFOCtKFGx=
x1ZajRsL9ik7V0AGYrV5YNgsCup6APTzhinKJv00j0MJ2dS-RJA76eTs3q5aJ69sj9Y%3D" tar=
get=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbod=
y> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d1=
5k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7=
e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"he=
ight:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"=
12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div =
style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=
=3D"margin:0;"><strong>Solana</strong></p> <p style=3D"margin:8px 0px;"> =
=C2=A333.66 </p> <p style=3D"margin:0;font-size:12px;"> -3.05% </p> </div> =
</td> </tr> </tbody> </table> </a> </td> </tr> <tr> <td style=3D"padding-to=
p:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741=
8192255878e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDD=
GjWpzeQJeKeb3vt5vCktSLkABLBKR_10fgjbEMoREtBEAx0EwEkcD-nV6jCDzbL5Sx2hQxxn7_F=
VLUGLfm-eseGDweOofdNbjxFbNVA40U9u8Pg-P6xugPA2N656wQW1InxYYjLrptxyzNVYAa1uxR=
wyHAThEoEYCghoNWISKzdGYdcB4CKETQdbqyuZ5qMzj3V90urnrARoQz5U-ayiBQyMPj3dKKXDB=
OjvkyOmkiIjbACPaWYMUIRg3lJBmQ93war3e0g8rS-r0oyeDsB3mPnq8ry7W3TdoJpY2B4-_75G=
sSmpa2DDXUB4nhBiERWqcTdnFrqnr3D6eyTeynJEp5MRudbuoN5twQg8P4xeDeOupVZhrQZBeMS=
tsq0q4opLWexXBjbYrykpxcgn4XBGmuc1ig18fY%3D" target=3D"_blank" style=3D"text=
-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding=
:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/=
public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674=
18192255878e9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2p=
x 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td s=
tyle=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:left;margi=
n:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Dogecoin=
</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.07 </p> <p style=3D"mar=
gin:0;font-size:12px;"> +14.04% </p> </div> </td> </tr> </tbody> </table> <=
/a> </td> <td style=3D"padding-top:20px;"> <a href=3D"https://links.coinbas=
e.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a3=
228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJeKeb3vt5vCktSLkABLBKR9FOaU8VNEo8yB=
drtj2APH_NF9OA2WF_xo2vh2izDAXXwxMms08WO9i1yGyJuuxDezEfiUxDESg4efGLTtlThR4_a=
QwCl1ClKoFIYxQuRQcsDidvITBUMTQbHXzrbzuShKiSjD1_N2HBQ3qDLAz6HbkvpO1KZKAuGcx7=
H9rRKJ-xWGOW-Oo6smWo2W34-vnvTEnjL5up_4YEx9u4DeOYHRqdbO9BGZsBShQ6AU9LZXfDCBv=
DBQHi7POwuItMsc-65vDajZV96JYKWo5dtVWyag9L_gTA9x2QImx1xYTw5pAHG5PMclf7-BWPBX=
bMHOzENiPXGUsX1jFZ75PP3vRfGR3kasNVOHVxhqTgIGMAsowTfEs6jRbkiR2i7ZWkPi2VKs%3D=
" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> =
<tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https=
://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46b=
b-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=
=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" heig=
ht=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;">=
 <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p =
style=3D"margin:0;"><strong>Polkadot</strong></p> <p style=3D"margin:8px 0p=
x;"> =C2=A36.95 </p> <p style=3D"margin:0;font-size:12px;"> -10.90% </p> </=
div> </td> </tr> </tbody> </table> </a> </td> </tr> </tbody> </table> </div=
> <!--<![endif]--> <div class=3D"mobile_hide"> <table style=3D"width:100%;t=
able-layout:fixed;margin:0;"> <tbody> <tr> <td style=3D"padding-top:40px;">=
 <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819225587=
8e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJe=
Keb3vt5vCktSLkABLBKR-UK8Ln_1sS-5ax_tbgzkE7cZLqTHZohWin0bElX1lDivDAWohB3bget=
WrPaV6kdWhcBrp-0cM9AhYa_o7W3DqGGbPaTd-ZjDGHlr0lfOw3rjF2sX_uMg6XHp82IbNEy0es=
ADtdjdw6Kk1zAEvx3nrhVULitMd_6xBXtUP3eaXhMbXR4Z0bWPu0ee5FkKnEZlfRXiIiFbRkaE4=
R0wNhVm9Lg2gwRHEY9E0nGkj_nN2dMBNfOXp417TBDWVNuipUsJ73Y6B-J1hLVjvpLj3fFOw7KK=
Q23Hc2zgbtpae9H6B78GuaJKfM8IM-SRVfcmQY5PTUsmoyRPApmrQSeUTFT6ajrEOK0wWdYOc4i=
MSk5s7BwZD3dAkNtdaaFFELb5LEqws%3D" target=3D"_blank" style=3D"text-decorati=
on:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertic=
al-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/us=
ers/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674181922558=
78e9689713/down-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0=
px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D=
"padding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0=
px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Bitcoin</strong=
></p> <p style=3D"margin:8px 0px;"> =C2=A319,385.50 </p> <p style=3D"margin=
:0;font-size:12px;"> -1.14% </p> </div> </td> </tr> </tbody> </table> </a> =
</td> <td style=3D"padding-top:40px;"> <a href=3D"https://links.coinbase.co=
m/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a3228b=
442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJeKeb3vt5vCktSLkABLBKR9GOierwK-LHLSg2IV=
W-neqz5uKuEBNbXFs2O22xh7J72IX3MG5LAgvDuA5UeuVkUfp7-EAMmY4zxaRq4x-D8WLs8Rzxw=
xNYxobyRNuWS0fLgEQqRtYvHBzMuNmKzSDCFFLzhJMWMG-S9ErxGD9JbpBUph3GQXU4ksdBERt4=
90msU7-1XA3huyPDFD_uI5q92OHnHnrV456hVdxJk2FutU9FEeG_WqBaS4LxjnDv9_Yd8I-Vafy=
-sLGe7-1SyIcnLLDimOAdFgee1O5o3NjCr8-zEg-7M3jI_KQhtNNtEatWLMZltFPvzp01QJYW9m=
mIkkaIUX9UD3OIX0FSsod9ipwyQTQ6JZdv2QyQw0DqXPV_X84mvFNfXAjhEBF8p8z-So%3D" ta=
rget=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbo=
dy> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d=
15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd=
7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" style=3D"hei=
ght:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"1=
2" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div s=
tyle=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=
=3D"margin:0;"><strong>Ethereum</strong></p> <p style=3D"margin:8px 0px;"> =
=C2=A31,524.26 </p> <p style=3D"margin:0;font-size:12px;"> +0.47% </p> </di=
v> </td> </tr> </tbody> </table> </a> </td> <td style=3D"padding-top:40px;"=
> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674181922558=
78e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJ=
eKeb3vt5vCktSLkABLBKR-C0TIdSTL_ItJhI--5TEiI1_Wpia99yF1HrbMa-Z5e9vWuYZBG7AS2=
GDr1KeTNFJBFfJIvKaxGS8B3URJCS86XYNG4KBdFKAwwCvatLU5rjw2UeL-CBnmdVWfR7F4x0e9=
u6OKOvcA6qBo0YZBSPGSHEk22ydjb7iHbZCfxbecL8Hq1QpAYlTU06heWgjxJGpt2QG_Q3LMbUj=
5tN1fynvh9rJkD--dTHyIilX5_YoQ8YxQlFx9oMY8LGi62GzYdZmMuwoD8_64COPio7IgkiR7dT=
88vRXRqD_EBESPdKQipgv0YKHq6oC56-4eK9V4sT5juNOlmz4WTYrI0GJAVwQzGwDL6_2xra74L=
NAYylP69ARfcJoi-WEvEthqCTX4gcw8%3D" target=3D"_blank" style=3D"text-decorat=
ion:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;verti=
cal-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/u=
sers/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255=
878e9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0p=
x 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"=
padding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0p=
x 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Cardano</strong>=
</p> <p style=3D"margin:8px 0px;"> =C2=A30.45 </p> <p style=3D"margin:0;fon=
t-size:12px;"> +0.29% </p> </div> </td> </tr> </tbody> </table> </a> </td> =
</tr> <tr> <td style=3D"padding-top:20px;"> <a href=3D"https://links.coinba=
se.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a=
3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJeKeb3vt5vCktSLkABLBKR-gvEbo_QK85L=
Z5chNr13IVysCJGo2cq3xur4mkzb4frlsNh0oudhxjwSVs7nMxazk1ODJf7f5JzDNIs_tV911vD=
ozEz0PZ5slJx48FUQBq4Zcw-aqYcGnZd7UH3fMf8v8pN1LuJCdDslBQIwqmM5DgrG9ChhDeBDJx=
PTkZ4DFRuLCpkdbgr3-f7_D_b8SkUpbLQkTZvEJb7a3kOiaMZdleCjJWeUMgfop11iir5NMUZaF=
905Tc0DNtRqrNKIs0Y55Y5SF-Ae0S9g5nD3cZeNRu_oOesT3eJ1FHJjlbzfdiiJkXz3chUxRkTX=
dQcdIOxvistw6LU-CWx_1GhRSQ8RQ23kYK_YQmo25m53qviJdJo4AN48w7g7CapMHPWQth9W8%3=
D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table>=
 <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"http=
s://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46=
bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=
=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" heig=
ht=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;">=
 <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p =
style=3D"margin:0;"><strong>Solana</strong></p> <p style=3D"margin:8px 0px;=
"> =C2=A333.66 </p> <p style=3D"margin:0;font-size:12px;"> -3.05% </p> </di=
v> </td> </tr> </tbody> </table> </a> </td> <td style=3D"padding-top:20px;"=
> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674181922558=
78e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJ=
eKeb3vt5vCktSLkABLBKR_10fgjbEMoREtBEAx0EwEkcD-nV6jCDzbL5Sx2hQxxn7_FVLUGLfm-=
eseGDweOofdNbjxFbNVA40U9u8Pg-P6xugPA2N656wQW1InxYYjLrptxyzNVYAa1uxRwyHAThEo=
EYCghoNWISKzdGYdcB4CK99xSyTFy16Kfa_nqezbkn3pznbeoNBc1Uj2P6u3WA4KxHep3nVOGbS=
0Jl28c8LNAs7zDGdQVU-zp0wa2nhX2hnFAH4pq5T_5kHVASxr2ec290D7qmpBd02UOh1h38111l=
hRi0F3Jw1A4-UOgy2fOEHKp3gf1P3l3t3kX8uIQGmIEPNKr8eRdZUzmPn4CZar7gAXR4Bsmvz7B=
1nqZl8KxK69pAaEcj2nMPox6_6LFLsI%3D" target=3D"_blank" style=3D"text-decorat=
ion:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;verti=
cal-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/u=
sers/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255=
878e9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0p=
x 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"=
padding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0p=
x 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Dogecoin</strong=
></p> <p style=3D"margin:8px 0px;"> =C2=A30.07 </p> <p style=3D"margin:0;fo=
nt-size:12px;"> +14.04% </p> </div> </td> </tr> </tbody> </table> </a> </td=
> <td style=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/=
click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a3228b442a=
ff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJeKeb3vt5vCktSLkABLBKR9FOaU8VNEo8yBdrtj2APH=
_NF9OA2WF_xo2vh2izDAXXwxMms08WO9i1yGyJuuxDezEfiUxDESg4efGLTtlThR4_aQwCl1ClK=
oFIYxQuRQcsDidvITBUMTQbHXzrbzuShKiSjD1_N2HBQ3qDLAz6HbknkpXIEs0F1MGKPBPxJXJE=
hPAEkZmfBASPj5UYRQHwlOZ_o3CduqZpgX5eJJAvtCAY_IUYEA_BMpxq3qRWSTtlMRXKOYobi9s=
0sszK5yy01sckoYeWBpZVr9irzuScJEuiMCmnbXcyHZEUgP-5T-00VdW_FV6Ol8CzIs7ENrcPMN=
HZd9aiF36yFuTAS51SaWIVtilGiOBs13vZohli3Db1WaqdwY0_2wH9bgRHIq9GR4%3D" target=
=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> =
<tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2=
d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c=
542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"heigh=
t:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12"=
 width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div sty=
le=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"=
margin:0;"><strong>Polkadot</strong></p> <p style=3D"margin:8px 0px;"> =C2=
=A36.95 </p> <p style=3D"margin:0;font-size:12px;"> -10.90% </p> </div> </t=
d> </tr> </tbody> </table> </a> </td> </tr> </tbody> </table> </div> <p sty=
le=3D"margin: 20px 0px 0px; line-height: 1.5; word-break: break-word; color=
: rgb(91, 97, 110); font-size: 12px;">Price changes are for the past week, =
ending on Aug 18, 2022 at 12:08 AM UTC</p> <div class=3D"cta_button" style=
=3D"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table wi=
dth=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"bord=
er-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace=
:0pt;"><tr><td style=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D=
"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office=
:word" href=3D"www,coinbase.com/price" style=3D"width:350pt;v-text-anchor:m=
iddle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlo=
ck/><v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: Helvetica Ne=
ue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"www.coinbase.com/=
price" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: bloc=
k; margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: none; c=
olor: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-radius:=
 30px; text-align: center; padding: 18px 0px;"><strong>See the latest price=
s</strong></a><!--[if mso]></center></v:textbox></v:roundrect></td></tr></t=
able><![endif]--></div> <table width=3D"100%" role=3D"presentation" valign=
=3D"top" style=3D"table-layout: fixed; vertical-align: top; border-spacing:=
 0px; border-collapse: collapse; min-width: 100%; text-size-adjust: 100%;">=
 <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"top" style=3D"wo=
rd-break: break-word; vertical-align: top; min-width: 100%; text-size-adjus=
t: 100%; padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspac=
ing=3D"0" width=3D"100%" align=3D"center" role=3D"presentation" valign=3D"t=
op" style=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px;=
 border-collapse: collapse; border-top: 2px solid rgb(222, 224, 226); width=
: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"top" st=
yle=3D"word-break: break-word; vertical-align: top; text-size-adjust: 100%;=
"><span></span></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <=
div> <table style=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td style=3D=
"margin: 0px; padding-right: 11px; vertical-align: middle;"><img src=3D"htt=
ps://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-4=
6bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width=
=3D"12" height=3D"12" style=3D"display: block; width: 12px; height: 12px;">=
</td> <td style=3D"margin: 0px; padding: 0px; vertical-align: middle;"><p s=
tyle=3D"margin: 0px; font-size: 16px; letter-spacing: 0.075em;"><strong> BI=
LLS BILLS BILLS </strong></p></td> </tr> </tbody> </table> <p style=3D"marg=
in: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-break: break-word=
;"><strong>A closer look at the the biggest crypto bills in Congress </stro=
ng></p> </div> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-bre=
ak: break-word;">While the last several months of crypto headlines have foc=
used primarily on plummeting and <a href=3D"https://links.coinbase.com/a/cl=
ick?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a3228b442aff=
5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJXwF9Jwsks5fQ-XuvR6-K43ImY_iWjTfaszjT84ugT732=
kLHtfZG61xAmo0uT1z5dHDstm_Pvmi69YU9GotnKk8LzIesQlBZ_hVl3H32hWAXfa8PLiKih8w7=
0yPk3vswDjiOGFa2-uO0rQJCahi6ju97fXjRXtLsxuLuYmvfVqruMatbxE1lk8Y0-LvPf9L7ut8=
UDr1gSiHTh09XZNq3OZ74NRdfFsJfD_tpqng-1vk538IE3nTtyXXvV-I_cKN57E8oDqZPddFJCQ=
ehoS5COQge01hsqVVNVaEJbAkhT-bplZ4knUnIDAOgPN884_h9a3uNSnsbDK4T9DSXHduxnSlZD=
zGs1Vyau0AwVE8i8L1GV3YLcl49r6f62RPc4HxyYexMPeS3SB4YCuaOr-8ONq3h7gSCu-ymvv_C=
bQ6UdjtN" target=3D"_blank" rel=3D"noopener noreferrer">recovering</a> pric=
es, the evaporating liquidity of <a href=3D"https://links.coinbase.com/u/cl=
ick?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a3228b442aff=
5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJVP2Oq_cCa9W9ywPnO15FjdJ2uOPIpbOlkYnvB0gkUMGd=
XLUYmkoHbWVafj256E59PHO3Hoqxnct9nIkw9IARl-yq8_vKXGAIWEAZwoohTxA9nXWCc8AqPnb=
eQpjMFQ6ogZVSq6sfdOOsHB76Zd43_AncW8zsrI-vQCeN3inIrsbon5R_eX69FUex-LjJCWb0AQ=
kHs_8-0t5tQleQeiizVCuNmD-l2qnxikaPBhuW0n0pOOMcNFdWAg0TeIJI_nWUg59KZVsDjL7nI=
JwqJvMS7H_mUFh2bcuHYc5CYIL00M2lx52fyH7vcs3wE4qRgTJpxvVsvr-DMYAY_ZTalACtCDqo=
g8BBxIqSibjjPwFRfwuIrYGOSob5vAmLKGorXuehgaBBlW7z9pNbY4SqQ_nluKec_lXanCFH_H8=
4Pu7_FNWa86E_z4hLqAsJHLJS1UxpdEtKLXcyU6VaGjmt3_0KqA%3D" target=3D"_blank" r=
el=3D"noopener noreferrer">some</a> crypto firms, and, more recently, <a hr=
ef=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689=
713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJVxtsuW7=
Y6j7aBgUfaOo5TIXPWKijO3jK-qQqwl3Xq0xXSx7TrVuyKighJG1LGi_fD2S4JsuuXc13EHxtuD=
pvQuiT7VZxIhX2HlNuCSjP8Y_aY-d4hqhDszAoh26juAzPMRCVAlk_hW4ogvcxC3VaUWA_RnIpP=
X6yqLK00za_ESRsu6hA4jlNlsEQRGyW3dygGCCCI6OxXiI2ccqLFeF75D7WOXT-4BU4HJjBanjG=
r6MUNK6X2Z742LpT9fJO5onPGVmo2l-kc5CTx8IhAgj5uMCagpKBw8aDJbVc7V_y9cgh-vNRSwt=
B6f3F85uV-4tzWv7N73-152gHcozGkUcujZs1Nhwlzooq0AtpHe1sRJzPblE2COqQ64hHR4wNXx=
YN1bKW48DncBdwcrter599-LxMP1chm67CfreKOqPWXSdE7pUdPf7R01bYOSyGgCcR7mTnrsTNk=
eqp1FkEahFOM3E8CQwgejbDAWRl5i4RGGe" target=3D"_blank" rel=3D"noopener noref=
errer">enforcement</a> by U.S. regulators (more on this later) =E2=80=94 on=
e overlooked theme has been the ever-growing number of crypto bills gaining=
 momentum in the U.S. Congress. According to <a href=3D"https://links.coinb=
ase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16=
a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJV1dlgsD4UmGGwLhNVldAlIg5IucpTqWb=
WSX1cmXiSfVpeYfhU792O6XTaktn6O18NuFdOSL9IbPXdXMAp295vsHlr_tdZ8DnbwUNURQ2a1D=
Q8hPFVGHnnYgy8jA9IG7ncP_-nApjQrov9f0ZWVB4MLSO3Q8FBw9m4-SMBqvvHdjwch0AyzjpT6=
4O4p_SBGjyciE1BkFyai0OuQ28shc1zNWf4ADtLAQFrSPOJMEOiQFbD7_DscOxg9YPFdjLtx6T-=
MNUHogd7TGsOO3OnYkeWO6OvkFxXaLovB5NR9jGRi8U9untG7GAV6aJghMZ8yWu5imb6AcCdvZH=
3K2v_ilfV_glOp5pmVsiGGhNI5nW9u-XRlnxO1D53h5ti7SmbbOKhtEWfIEnNAWL0WdlQMAkc77=
m1z9U7MohhFYB9JMpup49MC8H1_pa8ISJ6MG-_EUzeyTWXHK5yu2RWo0HcN3dd1nD09yUtyvCpg=
MsvR7eaxEfULjhYJucZEOcJfFAgApiLmDSQumLYFvzPAb5glUk_8bF1bvDkDtBHZ0B6ThC5R7" =
target=3D"_blank" rel=3D"noopener noreferrer">Forbes</a>, at least 50 (!) d=
igital asset bills and resolutions have been proposed in the last year, not=
 to mention President Biden=E2=80=99s March <a href=3D"https://links.coinba=
se.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a=
3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJUApO94XzBubJH1OMpa6vFjlss36boMmoL=
macLkka6QGzVi0zav63uJxyNYxXfEBAgkoEUIsNKuW8d4AITD4j6Tq-FQ_VMawczI4ylFHHJbjD=
oglUCuoGRc25FOhSGEOp8zT0JDdjPwm0aTIcp9HO4dwL1JQ_4R0DjfvYqgK4tn7QNtXMD8ilBy6=
GpHFLykSpVZWMzsqRTvUVOg0lYltVjACREUq_-znpVl77JBZpb1o1Ypqk3xEIY73i_BPY5CLawb=
mJIVhB3mYSL1xCsSR45VGikuRtjQXMKkWn6iSkB04MKTfA5qO-LY8cG6rzDFy6hqjXLHRXsg20w=
Hnyxpcp4ExEuhigzQUhZl-7vwHWttvY1Gr5lYQ7Fm4Dm9EpZEc_boj08URKaokO5hsxA9AbMM7D=
AAyeEKhBzCoJSnE3ZNMPMCMOJgrf_9gNqZP1T4I98YCAGo8c4yYbaPebeZhcIjT8bwb6zUnEZE-=
rxjlkj-6XR0mFP5B86x4eHSUeXUH_GDZw0FaTbJ9faWd3_eSbrJLergOCtzLypE4fSBr1NYwVvI=
oE8cC5DZwxVsTDmO-tw%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">ex=
ecutive order</a> to create a legal framework for crypto. This week, we=E2=
=80=99re taking a closer look at some of the most recent proposed legislati=
on. Let=E2=80=99s dig in.</p> <!--[if mso]><ul style=3D"line-height:1.6;mso=
-line-height-alt:26px;"><![endif]--><!--[if !mso]><!-- --><ul style=3D"marg=
in: 10px 0px 0px; padding-left: 24px; line-height: 1.6;"><!--<![endif]--> <=
li style=3D"margin: 0px; padding: 6px 0px;"><strong>Earlier this month, Sen=
s. Debbie Stabenow (D-MI) and John Boozman (R-AR) introduced a bill recogni=
zing both BTC and ETH as digital commodities. </strong>The bill gives the C=
ommodity Futures Trading Commission (CFTC) jurisdiction over =E2=80=9Cdigit=
al commodities,=E2=80=9D and defines that term to broadly capture potential=
ly a lot more than just the top-two cryptocurrencies. The <a href=3D"https:=
//links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3f=
d59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJam_Mb3JMc0d8IGz-FL1=
iBk2N0UP7m8qtIWIc8FrQ9ZN8-URB1Tf_aSMT6MQk6XPKsUcOV_NzkPTbGiJFPNJI_b1T66mkVx=
rHNqQ4sUaBUsm_jJTMxdjxJsW8SKftyCLfn7-8Jh0dwHHz4PIwV6_Mup1mEXvtP5lBKb3UBSSXC=
M5Qm8_UnIQbu5QQJ6dl1PT6rwYW3PFGguBONCrA3gn4XOcmdcHSL_M31bVxlrySKMwEBIeIcrPO=
HIammE9RxV73VgyorM2LyQ1XDXG2kqqGvMSAOO5KmIxse5x-BzYDPSnyqQ02wYTNM11wyS-Vkk3=
7rgTLxmj0ahyjBT430b7P90pm-vOGtmIDAY4vI3qZ8At1M8CKjb2h8Bti5Xm2h5N6_arawoU24A=
Fvj0fENmiGWXe6bgUMmlC1CQci3DA3D_H" target=3D"_blank" rel=3D"noopener norefe=
rrer">Digital Commodities Consumer Protection Act</a> would create federal =
standards for crypto commodity trading and help clarify how crypto commodit=
y <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181922558=
78e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJ=
U-z_MYRTw6uHNFjpsbx80kcAvGsjYDgBs9IbcTVr8SB07VN--6cd7LYF6sGDMTWXJD2y2Upx-f0=
YHYe6MPS9XDTEAsxwVAUYXLRRm8c_qJPDRMdXATOgbJ5emiHYqN1vF0Ng5Z5uPEwZoTIDvh1Bw9=
yy1_xHtOpHefr1h-6_6G_OyEADCX5YghZ_HRTMcbukYNvYzUi76EIvQZ5bqMx26KmQwshZC4pI4=
2U692q9wNBF-a4C3aPVeZCpnYAya-vQbAawwotU8F8PEUpijaCFmkRdfKrd5ruKt7OYJvvOkXIe=
X9o58k_ETlLsUrfag1VZVTF9jTCP4ALHvZlBLtIGjDUD_K5b1oThV5PghehSFJ0d6JQlSehZ2Ny=
Lte7Dcc4cri7YIuqI6ENDg9XfZ40pzQ%3D" target=3D"_blank" rel=3D"noopener noref=
errer">spot</a> markets should work. So far, the bill has been met <a href=
=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968971=
3&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJe520LmAMB=
Zc56mMecmLecVzMXWBhnq8UJajhFHRUN_KwvuHbtUh0XXej5SJ0TuTi9jCxa9hglsQdFgs_CpDJ=
hqItBscQTahx2W8iGAfkghziN0eG1c25S9A9hlkaDtoM_pTbxBRp3Gjpe4Vdh1EZvdU46yHJ47q=
1dbWYcpZnYAZimAU723yr1kqHMWvLVj2TnVXpYqr5CjW_eTASfR1YLIDBxMFVwA_8hHrv3f3AE1=
oNXT3QUT61yUSRpANf6IVzIb2yivPsYAc1aWilPebVILKgVlFn5K1tEQnIJLlbaJZwSNUAodGLn=
mdjuys_TMcskt6Hcnw-R5vHbb-JsNM_x1Mh7WtK-IoZllaXU_2PtqVEg2DNqctkuqnBzThvoNbJ=
WZEytu-9SMtFyWSOOa-4MMmBdKfatf2FW3Impteo_p1UFG0M46TBZ9p8PJkbSwlVklmN_Pb9Yiu=
uQxFruGU0SO7ywdGJkPzB70jzzEsfvuV" target=3D"_blank" rel=3D"noopener norefer=
rer">favorably</a> by most of the crypto industry, as well as <a href=3D"ht=
tps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJU3mbICSPw0zXT=
qNEtM4IAgnTPm_iy5Ps7oTUmpTsfTp34xRyxXgzw0a0Ovp3ZA-GUdNI-NIqL9KcCeFExJyNygyj=
KrnaBL91j3sXKnkgfeo0f91STRW_G39lm-QZXUf_A245RCBLVySuaikyM7SZtp0G08t58BsdT6R=
BU-xhR4ry6R_FSWHghRwB1MnEinGx0dE0qmnHp3eNIGS_bYp23Q5lvAIGVRrHmOxzRvE3SMtDmH=
rGOFAqs3WZoZRTp-rHjvKXHrGidi9j6Txre4YclQa3ZusPGMpwfBxyNjPfpcO3_YX6a-p3IXuM3=
ANOuJbg2FVc05bavasORTY0Ci22RDaJ_CJJAHyTcuF6Qq5KbRnrQ4AfBTymewXAUKhxtHue11MF=
J1JxJOMQjHPLHz78Gr2HNFfdrrf6Qqli_Y3MT3L02f1k8HL34zhAN0lOM66Gg%3D%3D" target=
=3D"_blank" rel=3D"noopener noreferrer">consumer groups</a>.</li> <li style=
=3D"margin: 0px; padding: 6px 0px;"><strong>In June, Sens. Cynthia Lummis (=
R-WY) and Kirsten Gillibrand (D-NY) proposed a bill which they described as=
 a =E2=80=9Ccomplete regulatory framework for digital assets.=E2=80=9D </st=
rong>Their <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674=
18192255878e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjD=
DGjWpzeQJc7XaCPrrYhZtUDS1WiPKyvoeR-0NLEEwWWcb81jtq9tXhla-RL_tW3aE8X_vWk0-aV=
iHe42Ir-U69MAh2wBlm6OTmNDP5hoi9k9_pN2upi_QBAQnSkMJOYKBzlORUGHXCKd1u1H3ffvYa=
Pz0jgMEEy-xvJFzH5lNTK1iwItLj7raQIUe3nWhjcJBRBTdlucfLQYZtaUeyNv2syAzf-sz0lU-=
tjeDRZnmPE50JAFU6rOgzE4BhRrjIog7EARI8et2lVe_Gj0tdgIsob_VxQ48bjoLSjRHqcH-ZGs=
KpTFdP6WBbiapkLk_zJKOQN3hDDGise1p7J7eei7Q0Cg9stM646ARwxJseOcYbGuI44EgRKjiEI=
xx8vh5ICdzrO8NvpnXfNTGVsdUgdyEcPZfIPGeOdo13m7_WkWiyfBDPjj11iTHjo-yn5BxbEXDo=
3b6-PcbR8lv0KagPx-ove1aQGAk4I%3D" target=3D"_blank" rel=3D"noopener norefer=
rer">Responsible Financial Innovation Act</a> would also classify many cryp=
tocurrencies as commodities; create tax exemptions for crypto transactions =
up to $200 as well as for miners=E2=80=99 <a href=3D"https://links.coinbase=
.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a32=
28b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJU-z_MYRTw6uHNFjpsbx80nMcUI6fZTS1hsj=
s6boBSlx1QG6DgO5hgSUr9q0aH8b-6ksqFNHjiGA7vTxBOGmvPyH9lgVYpVYGsJ7QRITrJMiXu6=
r8s0qCMTFJX0DFRlR1iTsluCMidxHB0TKizC_kzRabjBYR1NTCLgtUbDvMlKLiP-FZ21-vNPvfe=
bZfuHNQ2_67w4mbeLR2cfXmHwcA_A_tqT-vBuRZEwOS2oVbFOKIiMxLrcXQzE9whdZ3a4Fo5uKb=
JCNDQwZVLrFP0SukS9V_wr6WG477SWo6WFYgQMcZV58pertczYOCWl4kKgDugTtIRugFLmxXTT2=
TLLWesZ8Uhz_9xmzF2Iynj71ad2F1E8zlPSQdDFJ32SwtcOrmYdwrTR95SVGUv9lTrK4NOkuzfn=
7IRFpPdT8xAFrvYq416uH5ghGAAdoI9xpCi3B9WkqtgiTzMTjEGhuGt9dtXBjWjkxplWdmIUH50=
DSXwjELU5452_jF7aWvJzvcAMe_g%3D%3D" target=3D"_blank" rel=3D"noopener noref=
errer">block rewards</a>; require <a href=3D"https://links.coinbase.com/a/c=
lick?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a3228b442af=
f5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJXwF9Jwsks5fQ-XuvR6-K42AIdJYynBg3AGMqVyIBnnk=
yhSFo2Epd7HW7UJyiviCHdGO4vkhz5EkyxYCKTTP5qUg2F3RpGeDEwcbSwiiYpCyLiLbI_35Nm0=
GU1nb5iJqyrnUgov5O_JY7-CGcHIo9Nk3egTj6KIj_AV-xGSVib6JQgH8ijzKE8UhrNpTB6PVAb=
38_cYKiQFLyGsycYgHnhtKLxPMdJuO3Hfsw7rJ8z8CoIojxNYQSedthj-bL8rQa6IuF4ftAUrcx=
RKIzG1l6WseaDJgZXcoceyIbXsxaR_xRZSACjejT1QW9G91DgCRGMchJmRvJaWl1PqHBdyDimJd=
CzdVgeFtmsixnhsulfI63dCrz-uvHdW_K_T_NwwDEYUSj7tl20E7uVjeqF-KTSLRbwbP5bIbyEV=
EEtE8JyL4" target=3D"_blank" rel=3D"noopener noreferrer">stablecoins</a> to=
 be fully backed by =E2=80=9Chigh-quality liquid assets=E2=80=9D like U.S d=
ollars; and ask the Treasury Department to study potential use-cases of <a =
href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e96=
89713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJXwF9J=
wsks5fQ-XuvR6-K42AIdJYynBg3AGMqVyIBnnkqnhHgiyXCbEMd4EotN2_2UhjPDRhVr0TH6H9k=
FXbnrohyaQKpGN1-YwMcFu09qOm7xeOWTtBbGvRSeO_bSRLjeW_K2s2H1Ibj44lvCOxTtMThClA=
qm_xg3xf0lQYqQUA2D9HxyPPROuhcsHzfxMu2sliOQtjl661h1u-S1-_vyqSa9foh8ajNYuWuSF=
Hy9q3xrXWrMwr1tjyWEebFW-jUEjHetcX-t5OMNrl9g2B3u8-OqKkAktR2xQnYN3sC4xIA3oUHH=
S6vSy-lWKL-HpSiV142dMZzes3oOU5O1EKdNzxfyu_HW0da3sFL5wRCtcYcy6245QDS6TdN-xIq=
tanMD3hqj8XCren3shs3Z0s-jI%3D" target=3D"_blank" rel=3D"noopener noreferrer=
">DeFi</a>. The crypto industry's response was largely positive for this bi=
ll, too. Sheila Warren, CEO of Crypto Council for Innovation said the bill =
could help the U.S. =E2=80=9Cretain its leadership role as a global innovat=
or.=E2=80=9D</li> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>Ther=
e are also two bipartisan bills focused on stablecoins and crypto transacti=
on taxes that are in the legislative pipeline. </strong>At the end of July,=
 Sens. Pat Toomey (R-PA) and Kyrsten Sinema (D-AZ) introduced a bill that w=
ould <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181922=
55878e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpz=
eQJdEDEpRrABUiL89vqnk6UkYdYUJ4UOzG-3wzh9ijV08e5a0EhwQSQikDZ9K6nsnyD3EP9DDJr=
AmlFYJ8scilK0MFqJGcIBCLXjikE9THL1Jv2gQfx1v_TrZLNtxvgOoayKhFG-WN_9VNjXvdzj9n=
SClxK7J-0BO4SDSdUD9whaOz5Fojg4uTJ_3gO3QyZ2uAqo71vobMn-RmFUzFHg9oIju09tHmjFt=
QRWFvRP1Q6HYHtCOoPern8evHqUsvtidOyiApvah6QbM-7nHV603o0hh1cAdps-5GxhssZg9y9m=
3Mu13Vij12Wg9gTIdWoPTvUoyJDiXRjMmFenPfI09Y8yc8ZRuOiJtT1VNqi3HzMzJLoEyrnlqCJ=
AZYkoWQZSy2CH4RlPfkA9JYEuW45Y_9Yjfhg4vVGkz0FGlFm_VP_oas" target=3D"_blank" =
rel=3D"noopener noreferrer">exempt</a> crypto transactions under $50 from <=
a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e=
9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJXwF=
9Jwsks5fQ-XuvR6-K40GDDgq4lvrPqqvMYXadRPu8FJjPOFDL2c-EPMeMMp4-d6eaJAe4-uZukb=
A32-vreBmFgYVI34UI5gbSoKZ0L89okUlaVDdWPNsavrEZgJ3K1XUlZYD8oNH-dIMEb8mQ1ySyX=
My4YW52n9lYTB-NBlEBm8PYisy8J-qvUTOXQJnHoghxSVxuJnMPxerUQYXi33fSsKcCI6gSQQOo=
2mAL3DTdGqWosQzxyy3hH2hvq8YtBBm9fVF1OT5RVhmDpVR8kNRRR-wGhJ3JvRDNdZGrqrQUe2Z=
dyhDNpijPoV7UrjBBdhTHtUpaw0VkfQvXhJL_UryNU7RyZKzQMsQJbBEgdoF-PZ4HjeAQ8nJFCi=
qlqzKQctaOXJF7E4CqyQQzjX14kQucbPwV2_CA-bf41_5Lcdv" target=3D"_blank" rel=3D=
"noopener noreferrer">capital gains</a> taxes. Meanwhile, House Financial S=
ervices Committee Chairwoman Maxine Waters (D-CA) and Ranking Member Patric=
k McHenry (R-NC) are negotiating a bill =E2=80=94 now <a href=3D"https://li=
nks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd594=
93c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJfjsfHG-9dUvFDP5x1cG-b39=
3wgHQTpdkA46fVshwoaGvZKcNKrGwK6UAE5lQA1ZrJ3NM-XG-dkVkvib8dAubBzw0tgBtMYHs19=
hnTjeGWSwkCCkSMeT0EBS6RB8Wi8ud5ecguA8AJvyzflS39ZGDjdfeyjLUrvO1-MLBVARQyXaZW=
6rkXLB1uY2V3BRdjt4Vay1XSUyIuNitA2pv2d_X80TfPB6uvTW5jKxRR8sJI7bVF4N2SQjkwgMB=
i3nh7PyRWjx26NItJcchK8i3zcehz6FzFJksy2N9tKbycKkPqHg5wLDlZ84y3Xi-iRRUFCIdBZs=
s7gr2PAK6dY39g6DvCa4ZHx9ti3Uf3uhMmmiw1fZ2uWWszfaVGE_43TF0yriKvToWv7EAuB7R2o=
1g1VceN4EuxBfBDCD96WjwViUskzIVmNLAWBPpTWWU16d5hXarD2VEUuBRZgQ6WWKLwafCLA%3D=
" target=3D"_blank" rel=3D"noopener noreferrer">delayed</a> until after Aug=
ust =E2=80=94 that would establish federal oversight of stablecoins. While =
the details are still being worked out, the bill is expected to provide a p=
ath for nonbanks (like Circle, which issues USDC) as well as banks to becom=
e regulated stablecoin issuers. Approved firms would also need to fully bac=
k stablecoins with highly liquid assets like cash or short-term government =
debt. (Read Coinbase=E2=80=99s latest <a href=3D"https://links.coinbase.com=
/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a3228b4=
42aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJfNmMSeqcalCl6lqInYyvImFsDN-IoC67Njyuq-c=
UhLLh0CG7qse2mDzOTpglYDAheK2r5FEeraJ2Tte6ocq6atdvYQ8WJNS7U8k2kLwfwfsF4k6NRr=
FWs7TMkDV499kLL6Tzan1mYxlcL13fXxYQeyzGoWB8O_8U0nqF5jAtdiLyg5BLGmwhKdmmdHGyo=
hNSgLoIC99yfzEtS0z57lfB4hDplr-oQj_8qFitGKnDVdza3fSdpKun7Gcr1e1yP5zgCWks_z_0=
0fVHvzvlhxaJoy9WCpoi17XIK6hk9jZeBnJ7kQRu5iOirnwDRrwmI9w3attQwNZrOEb1KVGiEbL=
3EHq4v5sSGroLjuis5ebXf-BrRO-lAXkY8eJ4J54rjJC95Gu-krXEI8wzTbaMlddjW1mrOCgmPo=
Uy5_R6LIWM-8mKr4xiDxBhb6rof8v5OCq5Gf1s_HX-RbMPKt4wGclaFL_8xpB_11EkmmFHo4-2L=
9iyMh69gDP25AuJY4zi6ILIg%3D%3D" target=3D"_blank" rel=3D"noopener noreferre=
r">stablecoin research</a>.)</li> </ul> <p style=3D"margin: 0px; padding: 0=
px;"></p> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: b=
reak-word;"><strong>Why it matters=E2=80=A6</strong> Over the last several =
weeks, you may have caught headlines about the SEC=E2=80=99s allegations th=
at certain cryptocurrencies are securities (read here why <a href=3D"https:=
//links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3f=
d59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJVP2Oq_cCa9W9ywPnO15=
FjdB5RwJzsmLOSZeeYpY4E90XEvTq_F-5DdtYUGdW6-DZPEnRzDuwEQWKvGW_tcARVErYwmf-5w=
itGFRbNfF4sYV__ddGmSkPQV_As2kYo_AJPcumb2aWrV_HujeUpZsX-WY8ChesAiZGLGFay54dL=
UkaGn0HloKZUtt9BHNSXqN7yz6h7Up7RnBrt8yFosB-XaUkPHbyrCz50-lfXyyNhvzZ_qUIelth=
7MbtlIh9DMuEsJ1MwQ8S3lKwrgwoHEQVxe4x1w_6DiiPBvhOsrF8ay-XAZQI_aJV-6NyJGFKeZw=
F4VVgqQdrW-6h0OChQExI-E-UZKD-Lpg3cvE660GnD0zgamp1I2u91w7qbHtIVHuri3ePkhCmtS=
gDXDKfPGU4A4xZ7WDLkmnOHhv-9ZyY5wnpLWazl9JfYNOg1i1F_5QuA%3D%3D" target=3D"_b=
lank" rel=3D"noopener noreferrer">Coinbase doesn=E2=80=99t list securities<=
/a>), or seen stories about the U.S. Treasury Department sanctioning a virt=
ual currency mixer called <a href=3D"https://links.coinbase.com/u/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_=
e=3DyCaP3RLhbhjDDGjWpzeQJSu34fluc1bgElB6FzR6zFxf-Iw5HpkLGG2Yl2ueFMi1rs81_Ia=
gHR7w1pEofUex4F_jBpLBig5bA317ObEujoKsjsQyz0Y-tKp1avBid065ZxMI-b25s5c2SJkY4e=
8kkYNIexlO4NkmruzLxRisJs09syfU2H4xxBmLSx1ubKqhPWIjUX_y6qOYbVYVEUwiJjq3ebt64=
O6RL4gVKb--B99CW_3stVwoORCZFqbADPRw4sP3SndAu1BtcfyGiNfdVYG1udADQ5LVrPU3QQI8=
49avp-7acu3hmD0Sd5_zqbYZhpWmQ0557dCM-qa0b8PlXkNjNun_bKKOvpygUb2KenXb1lKms4K=
BgDvbEIrtt66OQD6qjGqKYfNICcbZYuwBB_NK9IvTfdWLn0OnMy6ZwQ9_uj69WY6Bt5R987LvsC=
FFFoSAb9lQ6YhIewwYf-BEyg%3D%3D" target=3D"_blank" rel=3D"noopener noreferre=
r">Tornado Cash</a> =E2=80=94 a mixer is a <a href=3D"https://links.coinbas=
e.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a3=
228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJbY5373z1INuMgt5HQVwck-9duHqnnPpcNd=
EfKf9vqWRjpbv76YjpC__tk7vouCXsOZ9y9b3WWPxDv2klrxoLAn-P5fbhwgPVjRbCWvKIcSvIW=
mBGc4HFBc0QKnSdb5ewmweDfnxq5qWceczhxo2wPp_TrsVCdWvjjBKLAhG5LYs5PeJBIoq57vtY=
JtvRzTUOMTjLNAonqpDhPjl-fkFPdvVHAv6GlKNhzGYQe8RGyt-BB0a1_urwWJsiF7Y2DRGcba4=
nqn9ZRbCrI4xisWXlU6dAG1Z8lobs49UoFSOhVfAvCtAo9ActEWbMWpxlMxDwk2Y0OJ_B1d3PRt=
9trWKQoSX_I-y54W2WAyBuunf-RA2wynqBTUuXpvdj24bTL6Txj21w6Q-qG00w54V1YEsDIaMkP=
LAjNcp6e4WWqp3wuCqm42bk76t-Vf6Bhtsu7O-LA%3D%3D" target=3D"_blank" rel=3D"no=
opener noreferrer">neutral piece of code</a> that enhances privacy while tr=
ansacting, which can be needed, for example, to safely provide support to p=
articular causes (more on that below in Takes). Though the details in each =
instance are different, some have criticized these actions as <a href=3D"ht=
tps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJXpnZ47HmH3waI=
D2psPOBTXeuKV1eB8shlmFpnA67dKAD-a2h1S6azsu-pzVIfJ3avC2HLQPKuKiclMlORhsXdOd9=
yO3tayjSHsL3FT2IYUw71Dcf6PNtoRb_Qw51w5luYreqlu408QUFZQulTqdphA5Hsemutku22mj=
hRs8wRetR7BIWv-FI_ii-IJkzoFayQp84kutbmr8ZjHhf1z4CHLoe4b-vE4aVBdWmgpfIcFaFTg=
iLhd0IueiNE0VmUmijbjQSgBF51srAI7LKlzDvnYr_j07UX48_N5O9mH_lYBJW1cFKFS6WoYCct=
KvZcjwJ9y9RKrp4tZoJA_ZJSOYngeF3cwxuJDVgyDmx8H8CvG2ok2TO6EZ0ifaUDZDwMSr7JUz5=
MMj7l0h1dbzO-ari0OIW52mBLnUIGMRbMUpqEyEhHqXlNxlzgAUIHnmfdnOQA%3D%3D" target=
=3D"_blank" rel=3D"noopener noreferrer">regulation by enforcement</a>, or r=
esolving regulatory questions through litigation instead of the typical rul=
e making process that engages with the public and experts. Only time will t=
ell how crypto regulation develops in the U.S. and around the world.</p> <d=
iv class=3D"cta_button" style=3D"margin: 24px 0px 0px; padding: 0px; width:=
 50%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0" border=3D"0" style=3D"border-spacing:0;border-collapse:collapse;mso-tabl=
e-lspace:0pt;mso-table-rspace:0pt;"><tr><td style=3D"padding:0;" align=3D"l=
eft"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn=
:schemas-microsoft-com:office:word" href=3D"https://links.coinbase.com/a/cl=
ick?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a3228b442aff=
5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJXwF9Jwsks5fQ-XuvR6-K408XrX8LaEO0yikR87I5Yglc=
uaaQ2mZ_OUTSnh8jGDSBOdlvr7pRFvUKAMOmddpBvBvNZ2oB9IWXVTEGJ6DM6CE1wBQvSiucdKM=
mXADJXZ-eYP1JvLRwg3X0sL6xDmLfKbrMy-gQr7cmm7t2QLF0Z8TMYzGip3_KZVGz2He_lHnKs1=
DOtAJILojKoZPIuA8VO7Nw6cZeFi4vyQFnhNrvn_iLCJ2Ip_G6bIH46rO5EJbL6wM5FqDi2Z0c1=
EqYnnFQWctgeXnmBlpIeazA6ipeiBmv6I8oXlpgQBWjnSCNNiGe2zezE9Tk318InmxyVr6v0TNA=
UOWpYRatzpIIpnn6KYryVQ-3EjbfCcIKbAJ2F6Reqz13N4sqHy7nz3xFCWf_G8%3D" style=3D=
"width:350pt;v-text-anchor:middle;" arcsize=3D"17%" stroke=3D"false" fillco=
lor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=3D"0,0,0,0"><center style=
=3D"font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><![endif]--=
><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819225587=
8e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJX=
wF9Jwsks5fQ-XuvR6-K408XrX8LaEO0yikR87I5YglcuaaQ2mZ_OUTSnh8jGDSBOdlvr7pRFvUK=
AMOmddpBvBvNZ2oB9IWXVTEGJ6DM6CE1wBQvSiucdKMmXADJXZ-eYP1JvLRwg3X0sL6xDmLfKbr=
My-gQr7cmm7t2QLF0Z8T6NDYpG4VisuPOkrrXEb4DiNTQJnhnKf1w7w8WDjshIS29CdjjSJOGiu=
Utu_Y8eMeimg_IWA7FXeJTEIqImA8sqxPgxpvxfWQG_qwJG-USy3svO7ZCFvJXfJ4POpshYG8Rd=
CFinjOnMWZoOnW8hNszYlzEjhtcgCvrUGYiKL8-HydDZOqZhuNFnY-FaUfSIBhmulEJGFfQQE2c=
R1-6u4L_srd_OwVOai-sbN9c-wdpXA%3D" target=3D"_blank" rel=3D"noopener norefe=
rrer" style=3D"display: block; margin: 0px; line-height: 1.2; font-size: 16=
px; text-decoration: none; color: rgb(255, 255, 255); background-color: rgb=
(0, 82, 255); border-radius: 30px; text-align: center; padding: 18px 0px;">=
<strong>Explore policy research</strong></a><!--[if mso]></center></v:textb=
ox></v:roundrect></td></tr></table><![endif]--></div> <table width=3D"100%"=
 role=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; vertica=
l-align: top; border-spacing: 0px; border-collapse: collapse; min-width: 10=
0%; text-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <=
td valign=3D"top" style=3D"word-break: break-word; vertical-align: top; min=
-width: 100%; text-size-adjust: 100%; padding: 48px 0px;"><table border=3D"=
0" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"center" role=
=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; vertical-ali=
gn: top; border-spacing: 0px; border-collapse: collapse; border-top: 2px so=
lid rgb(222, 224, 226); width: 100%;"> <tbody> <tr style=3D"vertical-align:=
 top;"> <td valign=3D"top" style=3D"word-break: break-word; vertical-align:=
 top; text-size-adjust: 100%;"><span></span></td> </tr> </tbody> </table></=
td> </tr> </tbody> </table> <div> <table style=3D"margin: 0px; padding: 0px=
;"> <tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; vertical-al=
ign: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/user=
s/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878=
e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block; =
width: 12px; height: 12px;"></td> <td style=3D"margin: 0px; padding: 0px; v=
ertical-align: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-sp=
acing: 0.075em;"><strong> TAKES </strong></p></td> </tr> </tbody> </table> =
<p style=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-b=
reak: break-word;"><strong>Terra=E2=80=99s Do Kwon on UST=E2=80=99s infamou=
s collapse, and other key quotes from across the cryptoverse</strong></p> <=
/div> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break=
-word;"><strong>Terra apologia...</strong> =E2=80=9CI bet big and I think I=
 lost,=E2=80=9D was how Terraform Labs co-founder Do Kwon described the now=
-infamous collapse of Terra=E2=80=99s algorithmic UST stablecoin in an <a h=
ref=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968=
9713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJUaZsws=
YMbEhDoReo3L9OQwpZvl5TGdRHnYMBP0Y72_2NMdW5rgViRJon4jd10otFe6Tw1fzLraVSsLcCf=
qo8POLFk5A_t2JRGVNzJzZYPYkcI7Zrklk6KJ1NOCGpDlCCpWm2VUghm3k5uWvrt5an_K-hUl3k=
vbRLj8BWFpdYIBgJj0BzF2AsULzg1jfWvj8b7t1cZQSmMkiN85XUlVHNPvxcBLT5koHtZdl2Edz=
mkFfRrLDFyHjjpRCBuOogpcADqB2_AG-JsX-IRdb6kZpUET6D106Yk7MPF6iPOPi3A6hQqqzTYG=
TYFVvLHmvutSNJAuRQqB9O8UEepstLrpcXX8GAOpDsD4nZpC6oX-S3kXZR87mPdbcqiKwOFbr_D=
S8s2eda-eMwK5vxxHGg_G-jrwLN8cc7RF_N5NNmbuoKgMS-4TUkwflKnJsDBh9yQwW5Q%3D%3D"=
 target=3D"_blank" rel=3D"noopener noreferrer">interview</a> with Coinage M=
edia, released on Monday. Earlier this summer, Kwon had defended himself in=
 the Wall Street Journal by <a href=3D"https://links.coinbase.com/u/click?_=
t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&=
_e=3DyCaP3RLhbhjDDGjWpzeQJai34yDYlxdcs-T4W2hh5yJEfkhhwcSQIKme6sbiXOgBZNiWVM=
MSrXzCN4eabsaTR4mVmCqbFC-2GahEoiG6gC4Unp3xo_zMcBq3szeCqh_l5iDBb3uz1XVDJD8og=
eiKhL0rQeooS_ATc41vq0s_bR33my6nzJ9GiLhb2fVs8ShZTR-UyPOjTTYuj24rN7kn8cE8_MyO=
Gdwovv1KbW-oY3on3CljIfkOHmbhQbUHUntEkTjLx9eCS9waAVUz99EsZNwUjaWeGUGv6dttEq_=
-KOcLt9OfAqGHW5ap4DAt1wX_GXkhf-twv1UOYFKHWH-1NQq_bDmYiJ0PSaMEvNR0aRuQ-bdcV0=
lME5oZC5cP3aX60TNkLbAtJNWqVwB0gXgPJBekOu3eL3NzMFebgYghjbq8sM5eE9pBQRmexrQjW=
iD_LghyVYAd1j5eNpJNiv18yPJOehc7BL0pv_gb1d1ZN5amL32xuOjQFvcTbvQAbilb" target=
=3D"_blank" rel=3D"noopener noreferrer">saying</a> =E2=80=9Cmy actions 100%=
 match my words. There is a difference between failing and running a fraud.=
=E2=80=9D&nbsp;&nbsp;</p> <p style=3D"margin: 16px 0px 0px; line-height: 1.=
6; word-break: break-word;"><strong>Monkey business=E2=80=A6</strong>=E2=80=
=9CWhile Web3 is making a lot of attempts at finding other ways of communic=
ating with people, if you're trying to hit email, you're kind of stuck with=
 platforms like Mailchimp,=E2=80=9D was the reaction of <a href=3D"https://=
links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd5=
9493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJXqJsIrarqzMSpwo2VsB7G=
AhfXT6YXauq9JsQnSwo4COuKhzMM4dy_Me5CZMxtN09yrg1botiYrkHgWjHLQl0EN9qh4QzQuf2=
Zr3aK4UmRmdC91lPvmDUHew9LaudH5go-6wzCDBcy-81VUS8RsCYej4vxztja8q3GR0NqfesWTg=
Il9eEfR7As-BWduFSgedga5NaWnvi4p_YaV1P7BmbLFnDNx4amFVC62fPnIgwa9f77qJeqDAXBl=
AHXTqbJLQBVadaIbIWIOrNIfp2KucugTQmnkriLnWKdWb7iwUtfa1MO9eQQuMEOPBRUYz3C6qHb=
o3bimmAkebBnWHlf0X2yzJmD3w2JH2YrqT1wWMvY_9RyNvkKWRnK-AH4GXPrNPXg%3D%3D" tar=
get=3D"_blank" rel=3D"noopener noreferrer">Edge</a> Wallet CEO Paul Puey af=
ter his company=E2=80=99s account was suspended from the well-known email m=
arketing platform, along with the accounts of crypto research firm <a href=
=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968971=
3&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJSyjD0o9iR=
6NpDxsWptecKSmXp0hXWNI3wf6Rz9DMYJ5DDlV-h8DjrtWoX-vSi0AsNKVdpTO96Q5gGmatyNjt=
KdFbK6zf2blEDoGToCxK5rXoSk0G2rktVPQsoXHgG1UQFcFGwsFuekwwHZREeWtj1Eo0qwsiLOj=
8kdQgN0K2OSHmYiMC-eeLMldwUEKMJDnYbal-w2QQRAybS19eRN_c2bUiFKevIB8PlHfTHi-zF5=
fqAw_IBzrIugY3o9npaNQmOF0nFaUJMTsYNm-AApWlvfBlmKf_QkdG6Iahh84suMod0zURfavL-=
7bHXcROTaur_Wip_n9mbi2yfnXDFBq8Jk2MKjWv4WvMbPBnps1biaB" target=3D"_blank" r=
el=3D"noopener noreferrer">Messari</a> and crypto news site Decrypt, among =
others. As Decrypt <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5=
6371967418192255878e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP=
3RLhbhjDDGjWpzeQJZ2dF0qXPzUFQZJP8X7hzu7pH9WvfJfZ9f8mZy8Kx0TOPPH2GWnvgKxtdSK=
itaZYHOpMRMyKwssgvaN4CsNROE8diuJ9siirNVNVCmyY9yurY46498V5hvL6GHWKzbMzLlWHVU=
sXNWhIBmkstPv-sTQBSib-GaW1lZobkZHARNdcyGMbxMjIq81qdDOvgTTiUb-c8sKOqXUv6-z1J=
8PciLKh_3BbyOicQ-HhjWnw9LjXGETj49YYpvcr4oYonwcEAJc1olI0kR_XKFdV2ojNbfCDPlsw=
ZvEhBMTOZ983YWRl2urFNPQxA2YoffFM7W5wsmwmy4Li0aY6q0DlkWfcAqN534tnMWtxfxPOy9i=
Qpv8ABh32MXfHflbIIHUSeQJ9oIxFKKkPE-DxOXr94mya-6mtzOBnpVGYUteU37DcM350_Wa0yH=
k8tatFwtfLAYpzbw%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">notes=
</a>, this is not the first time Mailchimp has removed reputable crypto com=
panies from its platform, nor is it alone among major email service provide=
rs in restricting crypto company communications. Messari founder Ryan Selki=
s=E2=80=99&nbsp;<a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637=
1967418192255878e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RL=
hbhjDDGjWpzeQJcZLnlrNtIM10VmiWg6SrKM1tKsozz_v3FUG974LBlUKhTTsfgypiSsghxgQfd=
BbsaaAcf5EWj5cqN0f1xG7yqrPZqlck_9mH4BISZjbex6QzfZ-61z9sJvemHjb5VHl3NPtG2PtM=
GaduB3rKUrV-L5cEpp_rZsRNoM0fXDMf3j_qesGP3oHwB1-AY6hRf1vspyKvQn5snXSFsA0WJTX=
3Vd-2AOzTx4bc2Vy4ccqZWQRhjxYh03rwQt-B0iTqg-aTRlaeW706TVr2QN0wXpE07n0XMscb74=
anDqhgMWVSoGveg1CWiOH24r6sBISaM4QH-wnriU0dZ-kJnJppRGOkkjY2jX_2RtPOPChh-O_u3=
68Iy3lk7OndQQCCOldJte357DwwVXWb7XPQOt9u_6Qg3c%3D" target=3D"_blank" rel=3D"=
noopener noreferrer">reaction</a> to the suspension illustrated a key motiv=
ator for moving from a centralized web2 toward a decentralized web3: =E2=80=
=9CYou're proving our point. Mailchimp=E2=80=94and all speech censors=E2=80=
=94must be destroyed.=E2=80=9D&nbsp;</p> <p style=3D"margin: 16px 0px 0px; =
line-height: 1.6; word-break: break-word;"><strong></strong></p> <p style=
=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;"><stron=
g>In the mix=E2=80=A6 </strong>=E2=80=9CI'll out myself as someone who has =
used TC to donate to this exact cause,=E2=80=9D <a href=3D"https://links.co=
inbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474=
d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJXm9n8Kbnw3rkjFRrz-u0AMmqI73aZ=
jkZZCExhBBBO5SxFkCEqxnOIYlJU4YgGRmJRJCnw49Cyjdd_zNw-KelKfmaMP8canwNmJsblQ5O=
AhG9_wGsuM-xaHp0YyMoscjNNhvLr0TtoCebqeaAX2UlpDKxp037HSkm9EMIyA0wVtmXf_rJQrX=
ctQUKNLM7I9uM5hWdKdobFkWDJUEpMxguG631rOUE4NqU3P7v1Gk8miogTG3853Shs08NY0syo_=
1yReJQ37ueDFYvoUUNUVshieNV1isTnVQ5gyh6-xZA0QzkzRvz7M67T3wayTyWG9iW8t6YqdDk5=
j6DcyMWIizvP8oQBltVKHzgjV2OMq0h23kDNqC2Y8j8E9sIf5eqp5bkmZT4H3KZTonATJAPP0Rp=
9iOx5Fv2F-qgdLPiddBtTDx" target=3D"_blank" rel=3D"noopener noreferrer">said=
</a> Ethereum Co-Founder Vitalik Buterin about a donation he had made to su=
pport Ukraine using crypto mixer platform Tornado Cash. In the wake of the =
U.S. Treasury Department=E2=80=99s sanctions against Tornado Cash for alleg=
edly laundering ill-gotten funds, the ability to maintain anonymity when do=
nating to causes such as Ukraine was pointed to as one of the important use=
 cases for mixer platforms.&nbsp;</p> <div class=3D"cta_button" style=3D"ma=
rgin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D=
"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spa=
cing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"=
><tr><td style=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:s=
chemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word"=
 href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9=
689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJXwF9=
Jwsks5fQ-XuvR6-K42AIdJYynBg3AGMqVyIBnnk2f1yDd3akvI1ypI5THUV2ajFRssm-Mn89CTW=
hWeQECWiHaAjmqcBYrZCBotPNWvyiuXvjYxJk6mrL6DXpNPqiQuSeMfhYLwBtJuAK3kPrO_HmP6=
BZFqHVTIp5KMtKtpt2sg8CchCQQiOcwlCatApzWQUvHuiGkE7OO_fZpkl_0cLCzEZ-T-L2kN8pA=
NFAlz2uaNAQNLLR_SW8PRFPcdg0HqEXh012mHs7mhcsSV1pFKFeV8VX5OK35jaQiPiV6DbTvuPP=
fwdxxIMAEl2rAOmSutPmvjXjTZGIVc7NQloJSIbHxNd5JDEZYRr2hjH1j1kX3Gcgu_z6aPVkv9e=
u7Vs0Pke9xkyenUVqkKg3u0jeVFV_bEqD9CQZfpWzX9OGvWdptzZoS_J35NYL23KtmI3zQ%3D%3=
D" style=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17%" stroke=3D"fa=
lse" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=3D"0,0,0,0"><ce=
nter style=3D"font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><=
![endif]--><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674=
18192255878e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjD=
DGjWpzeQJXwF9Jwsks5fQ-XuvR6-K42AIdJYynBg3AGMqVyIBnnk2f1yDd3akvI1ypI5THUV2aj=
FRssm-Mn89CTWhWeQECWiHaAjmqcBYrZCBotPNWvyiuXvjYxJk6mrL6DXpNPqiQuSeMfhYLwBtJ=
uAK3kPrO_HmP6BZFqHVTIp5KMtKtpt2sg8CchCQQiOcwlCatApzQCuI70rGLqq9U6eDKeX4r5rJ=
WKlPr-Nx2Sv0ZEEtFmOf9IR2vQFG89n1RwQjPB08FAYxTnbQPGQx8DaIfl2AMpKs3yB43-IQVZB=
kD87bNFMe8gtzwbC_yzW4Db5wesQM5-YOlZeKTHUy4ddKEwejWknJtF-1-7KMnLhDpG7XBMkY14=
uqdmTNRpawWkTvOyq0rSZyl0tnoHDmmsvtaNG_BQBCFdZRo3T8tALtLAPtb7KB23j3ohCeX2wpE=
sDfaMJ5w%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"disp=
lay: block; margin: 0px; line-height: 1.2; font-size: 16px; text-decoration=
: none; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255); borde=
r-radius: 30px; text-align: center; padding: 18px 0px;"><strong>Learn how t=
o donate crypto</strong></a><!--[if mso]></center></v:textbox></v:roundrect=
></td></tr></table><![endif]--></div> <a href=3D"https://links.coinbase.com=
/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a3228b4=
42aff5bdc&_e=3DWyI5S1DDF2VCkrbjDP89orRFpHeGfD9VHaCH9HfAHc9nNUwwk8M5Tnec15ap=
_I901wiTMX2jXtBX4PqeJSXxSuj3sTRedL0hS8l-HsZoKBkopdPlKI9lC8O3t_uVHtBt1UepW6S=
H2UmmmhMYHJcZv4voo9D1fDuYyRzfMh9jGV2A79i-t3tFGAiUAZx4gUBRShFyhXzxK7TC47CH3p=
g8CepC7bllYb8tLJhSPoeEhc9k14CzsweLFvIw4IhXlZWrLjluBpVHsKQ1nn7DpUs6GaTzIMU91=
uRT25HqxOiNXlxv2onH1wtzosXFoBfUDmhG3FBixWm326atE4uFFBWJgPz8F1-ZhVtXuOWhvNBl=
pGPN9_q_d6tmVL6oEPbSfE3izE1PVkBT1ZaClnrc_Psz8vRaUZD6uuHUod5VfqSiKPg%3D" tar=
get=3D"_blank" rel=3D"noopener noreferrer"><!--[if !mso]><!-- --><div class=
=3D"desktop_hide" style=3D"display: none; max-height: 0px; overflow: hidden=
;"><img src=3D"https://images.ctfassets.net/q5ulk4bp65r7/4teCjcLjem1niYca1g=
ZAL2/7d35fb7498879e1bbb5eb8ec8946e948/coinbase_bytes_recurringbuys_650x360p=
x.jpg" width=3D"100%" style=3D"display: block; width: 100%; margin: 64px 0p=
x;"></div><!--<![endif]--> <div class=3D"mobile_hide"><img src=3D"https://i=
mages.ctfassets.net/q5ulk4bp65r7/5VsknV0vDAHtkTR76kCkdB/005d7f399fa55e57d50=
380f5ab05855d/coinbase_bytes_recurringbuys_1060x408px.jpg" width=3D"100%" s=
tyle=3D"display: block; width: 100%; margin: 64px 0px;"></div> </a> <div st=
yle=3D"margin-bottom: 16px;"> <table style=3D"margin: 0px; padding: 0px;"> =
<tbody> <tr> <td style=3D"margin: 0px; padding: 0px; vertical-align: middle=
;"><p style=3D"margin: 0px; font-size: 16px; letter-spacing: 0.075em;"><str=
ong> NUMBERS TO KNOW </strong></p></td> </tr> </tbody> </table> </div> <p s=
tyle=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>58,750,000,000,000,=
000,000,000</strong></p> <p style=3D"margin: 4px 0px 0px; line-height: 1.6;=
 word-break: break-word;">That is (approximately) how many <a href=3D"https=
://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3=
fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJU-z_MYRTw6uHNFjpsb=
x80kLYrVrMXiekEdACR4Mx7glrknaPYPoZ8qMTGSMBKVCGC6nEtj0MBEmc99dfmou1nCtG2mg-a=
8aHh9kknwV31MQs5pLlT3h0qLRf8Hsl_Cz-Eek80nQngdCOHQyIR6GB5oNYNqKMeCpxS6-VkfMW=
SHt8jQe1pRoasmxqRfpi4LEpTXQxUnaDdqlGjbSYC9zktiqFNmHeAmTFo-OMRqy5yGx5M-hMvpk=
7vKqp4Stgb040bHc8IlAfxEgRJ1vrcGMvuflHKHlCwbLSOhzMUOuiJ1hhUr0kIKh_6LXR-pdpDD=
oyr8JWDS6AlV3DR7wZo9jZ7wzPvfHh4t3WuePlawUVgxyEg-9LXz7eldbawhjvhxR3F4MM9K7w6=
Ygw4EAOIPruoE%3D" target=3D"_blank" rel=3D"noopener noreferrer">hashes</a> =
are left to mine on Ethereum=E2=80=99s proof-of-work network as the blockch=
ain prepares to execute its long-awaited =E2=80=9C<a href=3D"https://links.=
coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c4=
74d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJXwF9Jwsks5fQ-XuvR6-K43RpnQm=
3i4480gs4vwYors2NxBIfLOgwJn-3kE-InkASTYEvE847euh3kTP2Jj0eP_RSFj1L68Cxch6wFj=
XR5NyvZ6hDbLf1j89z_7M0n_dOq-Zd8nWOVHPzt9b-g6_rrcD9FJZRK_T-qHVIKYRncT1rtY-5b=
E58iNQo1JVeWglKb9c10z1zX4Jw1r-F3nzkrx8vrFDKEl5EaFoSwHXYd8ZF-OjheqLovFjTuTO7=
-oJHrjdnSBao-syU9wE8OBTP_9duBMgBPmS9uNoJC3z_7bqM94GXhf3cfMrzKu-HxAL4-a6QWYv=
EmR90UBOnJZqdx81RDhdAHYyufHiZQVHmhKDoRfpiohrsTls4xRkU8s65LFD7c09GraXigwpy7X=
wUBNwqJKzce4FnJtzkhKKLbEr0m39bNyBSb3dgCVj2Mh_Ng%3D%3D" target=3D"_blank" re=
l=3D"noopener noreferrer">merge</a>=E2=80=9D to a proof-of-stake network. G=
iven the current <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563=
71967418192255878e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3R=
LhbhjDDGjWpzeQJSdtn9Wacz8bkmjDi5zRBXO0Qo2NWq-rZKKDzN_B6Sf33dxXcOE16_kMgzrFm=
UH7GwJbPHVnu891GokLguZs9V2iH32ZLyinwdSbxDlU4wO5jfBImFzVumhjIyxFz6IGspRAwIbH=
rMURIzfv7dYKU_fAQNeNlZmjUIAS_MlGnzggtBrq4muz41vBNbIJHeElAyCbnsacx_dwlsb__mH=
F_B6lTmywAhydb1XMROaQa1WrGzz8oAHMgheN9nns2cLgr_8NSPQONhKMKyU12O_FHCwoNX5l_y=
ERsJE9nIBlb07FjjzFnxv6um36D2okG-sPD8M8cdtD3LGPQduJ684Lpmou0bgRTegZXAOV2PcJS=
TD6bpXL41OzvedJl4N1mZ8lNQ%3D%3D" target=3D"_blank" rel=3D"noopener noreferr=
er">hash rate</a>, the merge is predicted to take place on September 15, 20=
22. As JPMorgan <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637=
1967418192255878e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RL=
hbhjDDGjWpzeQJVxtsuW7Y6j7aBgUfaOo5TIuGWJSqdeXA4nkdeV6dyqAujrstReQQyZa-6yVKQ=
Hv6faissdZhy3LVE3Ti5OGQYS5XL1-MAN-nL2dynTLkWAwPZbsTvVPOwVJ3kBGcEPT6Mg3dzs8F=
-25qIx_iWCz6ljPeKWIXyMWCWC3MCf3IJpnaj0pePVajfhfC1qtKe4QTNw4pKIK7yJgbrgeWBL8=
aHNFNsqJv-Dp43YtW30b7-o48ouyZbojO3hcYZGtF9k2nBUuqJO6JEv6caFPs66sHfllAkH8lTw=
0DLYKXSqgaC2GoYnF-bc56gY5p6KbtGIJEpK5jPPNJ_7z6rQIjG34x_HwZRBNkpMzvA5QbHVyaZ=
hHVP6Mdmc3AQBSA9i4ZJRf4zr5n-FTWP2mvJuqazEeDDJdhLYAP7h-armJVB2wYXsV7skOeZP3-=
sd3awI2mCB1x7bh6at0QdeaQoMpl8bKh2c%3D" target=3D"_blank" rel=3D"noopener no=
referrer">noted</a> in a recent research report, =E2=80=9Cthe role of miner=
s will effectively end when the transition takes place.=E2=80=9D</p> <p sty=
le=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>76%</strong></p> <p s=
tyle=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">The=
 global percentage increase of LinkedIn members working in the blockchain i=
ndustry compared to last year, according to a new <a href=3D"https://links.=
coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c4=
74d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJS4JwKLcnV8a9Anfqw_BgTyUP39n=
QFn2FpCuDTa4MvsYE5qIcCul_d6kDzUIRzSqIFX6NiehgMb4OvVPB7i0GGMI7JdGXhAJ7elJ5Jq=
7_XEjmtAwhL1B3SpZgKNSK-OaWxvgZfKDfCTeb-EVuiyFvcpIuRQvCb1VfczJrKYR2332Y-uiY3=
PuS9RbG9En25wQn3ByGBQo4NU_raUyMiCBt7IGxUULFWerm_Suc-xzDg5xcLvcvjx6UsnpBGHaE=
ynhw74FhITD2fvO93SkqydfaSTXuo770lEHptIKfXgGwcn6JVScz6-TdEh3YuANtz5eFUVf_QNe=
weJ6lq55smhYmo_zUp33aJFWsSJG6EJgY7mjiOsJ6XGGqg2_c4IakNDU5AzNDhIROovW4VYPBP8=
0Iue8Zx9jeco0OLO794y_mQID" target=3D"_blank" rel=3D"noopener noreferrer">re=
port</a> from the professional social network and crypto exchange OKX. The =
report found that the U.S., India, and China lead the field for global bloc=
kchain talent, while the U.S., China, and France are the top three countrie=
s in terms of demand for blockchain talent.&nbsp;</p> <p style=3D"margin: 1=
6px 0px 0px; font-size: 32px;"><strong>1</strong></p> <p style=3D"margin: 4=
px 0px 0px; line-height: 1.6; word-break: break-word;">The number of crypto=
-and-metaverse-related trademark applications <a href=3D"https://links.coin=
base.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d1=
6a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJTVmq6Kas2I6OmTCYqPjKfEk8hXmhKO0=
k895bQcLOC8yQdIqjIPI9C60M6q8ufjpzBjJ_12YEFCe3J7Y-4YzvwzTfAbdN8vv_2B7aACDdW3=
orcRf3R0VPrsxhpwB-GUNzqTmiOIGFV90gP6wywk-u2ncgLFs1aM2n-CU2wSfoYUGhHjaX9vyHD=
AS9KpvCp93nK-LwtIsm2uEtgO2nKoUTZcU-md5iV2L6W-5HU7LDv551ISVINloS5mf4FUqLD7Ul=
aA0pccqGXcChd76yoFHg1zhC39x2XYq-ObtLHwK4teQDdbE5g3BwYQm-PEqz-JqZ0HCPF_VLCtm=
U3HAf4934og4vAvYwSMp1mom2sjf-39n3N-7JHcumhoWpA3FEphQHh-ivO6VA59zanAgPk0RKGH=
uxiH5uDn8JGTCGMH944rm4e8OkqM18yrDlHefxHuxRjaIucwWSZ04abwY__j55Vk%3D" target=
=3D"_blank" rel=3D"noopener noreferrer">filed</a> jointly by powerhouse Spa=
nish football clubs (and archrivals) Barcelona and Real Madrid covering the=
ir plans for everything from e-wallet software to virtual clothing. The La =
Liga giants are part of a growing trend of football clubs, and footballers,=
 submitting such applications =E2=80=94 earlier this year French club<a hre=
f=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e96897=
13&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJfWC9JJ59=
REjGSEW0Aa1tKPWBVBB9K9ttPYB90N5lebfLIVDL79Dya9y63TFADDMiD4ujwu6cPcyMKRStaBJ=
RBy2v-h2sti-x6cUSA2cMj6YJiBhESsZrJg9ugBKQhgKxKIVS-626Tgd2pHIif0C6wjBcvSu2UN=
BYyH4fc4G1W0uk0x2WUFNWgz5bskproSwdtwKES_CXVjs_S5gXGsB308fhHsCrxO840-i_gp6Lu=
ZqoJws539asG_YIWCI6-ajAHX-vPpASee1czANsGNM9WIWzhT_zpqf3EAJrOAiF8XVcfgZibGCm=
oQeeIzezFDF_WzpLbe70J065WGW6Ed1rKc7TsE4ACaQacgxJnXiM5myLlFTGLBS3qACBE_h-TVo=
nauSmuUL120ou18WjKzo4r7JHV57TfEgabVH9ST0Up4vZ_VQ5AAdZtalwTrL1caHSo-a3PSaMEi=
SrakX5Cblx2pWC74LCjL_FJCDQDuNcT5-" target=3D"_blank" rel=3D"noopener norefe=
rrer"> Paris Saint-Germain</a> (home to superstars Lionel Messi, Neymar and=
 Kylian Mbappe) made a similar crypto and web3-focused trademark filing, as=
 did England legend David Beckham.&nbsp;</p> <div class=3D"cta_button" styl=
e=3D"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table w=
idth=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"bor=
der-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspac=
e:0pt;"><tr><td style=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=
=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:off=
ice:word" href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjW=
pzeQJXwF9Jwsks5fQ-XuvR6-K42AIdJYynBg3AGMqVyIBnnkyji3O2-_wizoet9lrAxJrqLn6v_=
TZ1AazazS-cpPYYAMOtCZqX9i-V-3_Fui0vptFZOKHHbc-gLV02CoIPXvixvr5iRCD2Aqw1qHJp=
wxNdSf_x97vswDj3kzF3ZzUvTf4zYp-FyRlxqMxIQlpLhAPXY4yaPRXRSxoEQhdXSBSZTxJJDfu=
hSAdKZFQfN8f2b9kK5jwIcX6grSAs2N57OKy7o-9LKVKf_HIIQ7yLHnNwNTfM4EjmMIhfwWpp3d=
QaSPnuHGxuhrX-TZNLq-H3W5sG5K04s4nQCSwZPfiYtaWN4q0Q_L2HBNmt4D6m8dJt6XKN9hE21=
hHIkN0oFDk4m3f2alcPUHx_H9Rr8KaNc5hViYE-E5Nm1oHrA9IYqhFu7_8I2iKVmHinUG8DSGtW=
acM9_DN2cF20Ua1EAUW44nzfM%3D" style=3D"width:350pt;v-text-anchor:middle;" a=
rcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:te=
xtbox inset=3D"0,0,0,0"><center style=3D"font-family: Helvetica Neue, Helve=
tica, Arial, sans-serif;"><![endif]--><a href=3D"https://links.coinbase.com=
/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a3228b4=
42aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJXwF9Jwsks5fQ-XuvR6-K42AIdJYynBg3AGMqVyI=
Bnnkyji3O2-_wizoet9lrAxJrqLn6v_TZ1AazazS-cpPYYAMOtCZqX9i-V-3_Fui0vptFZOKHHb=
c-gLV02CoIPXvixvr5iRCD2Aqw1qHJpwxNdSf_x97vswDj3kzF3ZzUvTf4zYp-FyRlxqMxIQlpL=
hAPXY4yaPRXRSxoEQhdXSBSZTxJJDfuhSAdKZFQfN8f2b9DyCJ1eQvNknD5q921tPrFHBEZYYi3=
9MZTBjr134pTgCK1fnms4_lAVhx3tg6nGcU-VDdL6b4gpNtVOl0pNSapVHyhj4BWCesrGn3S1Hv=
-2_ABu8IDo3n7IpsKc-C4fsbwRGVOCQ6tSPPuY97QJPPfDB-xycSIGE3w35TvAEOTaHyaJnmIcy=
y2ZexO8O3efyLzvWtXeaORPcdTYBUjy7kzWwEp_Q6-YoLCBMxTikpvX0%3D" target=3D"_bla=
nk" rel=3D"noopener noreferrer" style=3D"display: block; margin: 0px; line-=
height: 1.2; font-size: 16px; text-decoration: none; color: rgb(255, 255, 2=
55); background-color: rgb(0, 82, 255); border-radius: 30px; text-align: ce=
nter; padding: 18px 0px;"><strong>Read up on proof of stake</strong></a><!-=
-[if mso]></center></v:textbox></v:roundrect></td></tr></table><![endif]-->=
</div> <table width=3D"100%" role=3D"presentation" valign=3D"top" style=3D"=
table-layout: fixed; vertical-align: top; border-spacing: 0px; border-colla=
pse: collapse; min-width: 100%; text-size-adjust: 100%;"> <tbody> <tr style=
=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-break: break-wo=
rd; vertical-align: top; min-width: 100%; text-size-adjust: 100%; padding: =
48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" align=3D"center" role=3D"presentation" valign=3D"top" style=3D"table=
-layout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: =
collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%;"> <tbody> =
<tr style=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-break:=
 break-word; vertical-align: top; text-size-adjust: 100%;"><span></span></t=
d> </tr> </tbody> </table></td> </tr> </tbody> </table> <div> <table style=
=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td style=3D"margin: 0px; pad=
ding-right: 11px; vertical-align: middle;"><img src=3D"https://d15k2d11r6t6=
rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6=
dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"=
12" style=3D"display: block; width: 12px; height: 12px;"></td> <td style=3D=
"margin: 0px; padding: 0px; vertical-align: middle;"><p style=3D"margin: 0p=
x; font-size: 16px; letter-spacing: 0.075em;"><strong> AROUND COINBASE </st=
rong></p></td> </tr> </tbody> </table> <p style=3D"margin: 5px 0px 0px; fon=
t-size: 32px; line-height: 1.26; word-break: break-word;"><strong>Updates o=
n the Ethereum merge, USDC, and Bitcoin=E2=80=99s Lightning Network</strong=
></p> </div> <!--[if mso]><ul style=3D"line-height:1.6;mso-line-height-alt:=
26px;"><![endif]--><!--[if !mso]><!-- --><ul style=3D"margin: 10px 0px 0px;=
 padding-left: 24px; line-height: 1.6;"><!--<![endif]--> <li style=3D"margi=
n: 0px; padding: 6px 0px;">With the Ethereum merge fast approaching, here=
=E2=80=99s a <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196=
7418192255878e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbh=
jDDGjWpzeQJVP2Oq_cCa9W9ywPnO15FjcIAo30Lspa48A1A1xZJLuXufz5mG10ECFMlOdZ059KA=
oP9vmmbWDuL2_x9O_yEMWyJXaKv2lktvvd8KfqZpuF4Zo2HwVFs7i-Cmdm3elhrLaJ9RIG9UBZY=
gfi6ZfEHwiwedhdRf2Lb8Vp-Jh9QyjCTlbsmM-CKiY2Mw0pAjEA0f_9pUAJqkbl0uFp5uDqbZqn=
slF4qwGH9sInYjE5gfUTpbvPfL13kw_bj8n-Dr3j7cHEvTMSzbJYYr1c7CeQMTCcNk-PhgPCwYw=
OYGml0rSKmHyu7Le-y76bgaqxAD_FWi19sBeQB1Rzdvewlti4uOnIhmbjHKTpChK7dGwF-fO8vk=
YtU1egc0GVwnA_e_1TQrqFhdt22VHX8DVR8NFE3j_73lsft5s_lnonGmjqL1UkkLmsqERXgYbjN=
4uNcBRqsiSwZkj39RZ8wlBr_5AohMEA%3D" target=3D"_blank" rel=3D"noopener noref=
errer">guide</a> to what users can expect from Coinbase when the merge take=
s place (TL;DR: no action is required on your part!).&nbsp;</li> <li style=
=3D"margin: 0px; padding: 6px 0px;">Stablecoins are a critical part of crea=
ting a more open financial system. That=E2=80=99s why Coinbase co-founded t=
he Centre Consortium, to invest in the build of <a href=3D"https://links.co=
inbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474=
d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJXwF9Jwsks5fQ-XuvR6-K42cCmkCuS=
vDCTYe4VyW-10D1bsl0Ev747WIzesxj5qFyXqr3OG_IU9h2YT-JswSgqyToMi9_eDj2Xs-xw2Df=
Fo_b9pCPJWn6JEejlJwKsBYDrhf4mh4Yljz8f0atsz5TWjgpo0g75eHNHEwIHEDNBmX3fuUS82T=
tFud2QpPy0vWcr5AxcN27WVCdnrcgaYQhbAH8KsWEuXka0HsJIcpqVQ8jJqouqRKy-gGPa8eCGb=
P1VzTpz9SqxTgKxvrDWpXFamMWAyZcnHuKyiuA2JnHX3lIL0MgXIjuCJXWN7Fexit5XGsaUpQdL=
9voIHNYaK_qtDqdreZyisBJd0vmgGFY9ZCVvp0F3J27sHKvYlL7CyOuQ%3D%3D" target=3D"_=
blank" rel=3D"noopener noreferrer">USDC</a>, the second largest stablecoin =
by market capitalization. Learn more about Coinbase=E2=80=99s thinking on U=
SDC with this <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719=
67418192255878e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhb=
hjDDGjWpzeQJVP2Oq_cCa9W9ywPnO15FjdHhVfgtaMPYBOlG8ziwD3DIiUseAOHslZBEW1Xbuh_=
n7g3d6qspVYTb2fErnXpqjbK1lpUWUhTO8VZq9cPcuHHL0ykYQETYeuBJNqux5c035U2PZEF0cV=
asIk-Tk3bja8uhOMeaHJXOslpSSvjdADu8_MHjBaIgtc73rJhrKk4jijpZOKFUkZpXDbY5h-5eB=
jSbChl0RRrJlzR6vhGrnhVhNjs3GcUbZ5Nzp46tFDmFF0eSSgUvxau10j6_THhkQF_oGTLiheBg=
62mCobD8cr5L00w1ZpkA9dc54lNSkgi7JEnYYE-NUKp3XTjaSP_NZtMb5DoOhgu06HfDRszkbAz=
rqjOO55UtdgknseIrJS9smBrwU_z-aUk8YlxIE8DLCnfdNMGMM2WPIV8qd5s2rj9X7uR3dVv0gV=
zpB-BAXghPw%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">article</a=
> from our company blog.&nbsp;</li> <li style=3D"margin: 0px; padding: 6px =
0px;">The Lightning Network is a layer-2 protocol built on top of Bitcoin t=
hat can, theoretically, enable millions of instant transactions per second =
at little cost, overcoming a major Bitcoin network limitation when it comes=
 to scalability. But how likely is the Lightning Network to achieve this go=
al? The <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181=
92255878e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGj=
WpzeQJVP2Oq_cCa9W9ywPnO15FjdH32j7ancvADewYCGGv2mNx4MMRZPafPMeNnIoxSJXKw-7xw=
IxdOg5ySa8DfmYLNr64g6bmnOJuuEaNDlkc-hYYjgp4dokP6X1MwILgYPmc9ctsMZmF4aT810Nb=
_DQMM6rAXaJDQv4TGtqOnRJxkEMTq9X4j3ldaTJlTAXkFcsbIF9fgiDgSmLhTtY_P9Kvz0cIxI8=
kkL_lWIW8COJUzQAEO5Cp_uJOR76MW4x7osd0wYGNoLEPr8xy3CMdaECPyfyEOjqnkW8B5s71LL=
KXCB465H-i5NK8CtlAgZCwUoNOMnRYv7ZGorHEqkj3q9WA0R_Kyero8eVLPaBueWOoUKZySaSlg=
nE93ftfrnt--nCoi2z3otYI3RajZutwvbfG_mBgtKy2IVShvgX-9BsqEMMLO8G75cR1hXiasxeX=
HOgDQ%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">latest deep dive=
</a> from Coinbase Ventures=E2=80=99 Around the Block unpacks the question.=
</li> <li style=3D"margin: 0px; padding: 6px 0px;">Chief Product Officer Su=
rojit Chatterjee joined Laura Shin=E2=80=99s Unchained podcast to discuss h=
ow Coinbase is integrating its main app with web3 and how crypto can become=
 a utility asset rather than simply a tradable asset. <a href=3D"https://li=
nks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df3fd594=
93c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJc7HHzmh-Xy7boroI1pJ4W0_=
QVzKCLkAfdTGpXHNFwLZNjiOD7NCTX8UcpR-E1xTy2L7APKKCRp5mboAyZ5iXQal3G_dx0LGhuh=
BK3bVex6uQerQXMXyUswh1mJJ_GyeTGj7zjSP0qiX9zsHig-aTQPwXCGmP6ZX-xeVPNBWTkbNAZ=
bUYVmqvDgahQyK4Iwe25KoEn3Y5CjwWFRPVQXnwwnuDX-JmNAht6vxx8_7JJ_v1X9uCAyCAdZxr=
mhi6naJZnSTkGbMgysT30zPLT1f38QhI6wUrLA5sVtHz-d1Dz46p-3yX3W1w4ws-z0LpiEtbB_e=
g68MKgZxET94o8iqP2MAtJ6UDAWZFSvQSgG3NkxgIsdsHjiGm82048CKAH9tuUXjeCxSrnc8jDL=
AaGlJdSDYUPQtAai77pmXYq5j8irJj43jh_vAF67DqGGitjTs_auhKYjyGLiX3g7DXB9QVh0xu4=
jjK1ad2Kix7fTD2ugw" target=3D"_blank" rel=3D"noopener noreferrer">Listen he=
re</a>.</li> </ul> <p style=3D"margin: 0px; padding: 0px;"></p> <table widt=
h=3D"100%" role=3D"presentation" valign=3D"top" style=3D"table-layout: fixe=
d; vertical-align: top; border-spacing: 0px; border-collapse: collapse; min=
-width: 100%; text-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-align=
: top;"> <td valign=3D"top" style=3D"word-break: break-word; vertical-align=
: top; min-width: 100%; text-size-adjust: 100%; padding: 48px 0px;"><table =
border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"ce=
nter" role=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; ve=
rtical-align: top; border-spacing: 0px; border-collapse: collapse; border-t=
op: 2px solid rgb(222, 224, 226); width: 100%;"> <tbody> <tr style=3D"verti=
cal-align: top;"> <td valign=3D"top" style=3D"word-break: break-word; verti=
cal-align: top; text-size-adjust: 100%;"><span></span></td> </tr> </tbody> =
</table></td> </tr> </tbody> </table> <div> <table style=3D"margin: 0px; pa=
dding: 0px;"> <tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; v=
ertical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/p=
ublic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741=
8192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"displa=
y: block; width: 12px; height: 12px;"></td> <td style=3D"margin: 0px; paddi=
ng: 0px; vertical-align: middle;"><p style=3D"margin: 0px; font-size: 16px;=
 letter-spacing: 0.075em;"><strong> TOKEN TRIVIA </strong></p></td> </tr> <=
/tbody> </table> <p style=3D"margin: 5px 0px 0px; font-size: 32px; line-hei=
ght: 1.26; word-break: break-word;"><strong>What was the name of Ethereum=
=E2=80=99s first testnet merge?</strong></p> </div> <div style=3D"margin-to=
p: 16px;"> <table style=3D"line-height: 1.6; word-break: break-word;"> <tbo=
dy> <tr> <td style=3D"padding-right: 12px;"><strong>A</strong></td> <td>Goe=
rli</td> </tr> <tr> <td style=3D"padding-right: 12px; padding-top: 12px;"><=
strong>B</strong></td> <td style=3D"padding-top: 12px;">Ropsten</td> </tr> =
<tr> <td style=3D"padding-right: 12px; padding-top: 12px;"><strong>C</stron=
g></td> <td style=3D"padding-top: 12px;">Sepolia</td> </tr> <tr> <td style=
=3D"padding-right: 12px; padding-top: 12px;"><strong>D</strong></td> <td st=
yle=3D"padding-top: 12px;">2ETH 2Furious</td> </tr> </tbody> </table> </div=
> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-wor=
d;">Find the answer at the end of the email.</p> <div class=3D"cta_button" =
style=3D"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><tab=
le width=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D=
"border-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-r=
space:0pt;"><tr><td style=3D"padding:0;" align=3D"left"> <v:roundrect xmlns=
:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:o=
ffice:word" href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418=
192255878e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDG=
jWpzeQJXwF9Jwsks5fQ-XuvR6-K42AIdJYynBg3AGMqVyIBnnkKqf1n8D66nOGT-9-1utf7vzz_=
CGc0m5efwQU1vtJyA9Wy-B7usp8PWcuDgihd54uZXQdfqcUPy45Qa-5abNmJwe-kvJ1x6MV79nU=
_AFEgoigTtd6KQFZShIxImTULIoSH0r6ppen6gQXGEqQJuN31-18CWMPJzAnz1ql0yyzD-pr97y=
C_g-q68KSpdl9abMy6kWTA6nzJnaCaMpabtdN469Qcm7Vcj_tM5fAXJAHv-vevQY4VrJERiDeVu=
ypjrJlP_9Ky--XbQIrRxHSCmaQJErMIA5rQYLUGZWYEUrgt0SNCVVGQSOdpeIXBrtDC4L9UqsxA=
KABQopZwmnBpFKd1Cghx98642seZ4azkrAvushPVn4lhi2rSeeIW-joVYgT" style=3D"width=
:350pt;v-text-anchor:middle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D=
"#0052ff"> <w:anchorlock/><v:textbox inset=3D"0,0,0,0"><center style=3D"fon=
t-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><![endif]--><a hre=
f=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e96897=
13&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJXwF9Jwsk=
s5fQ-XuvR6-K43ImY_iWjTfaszjT84ugT732kLHtfZG61xAmo0uT1z5dBv379bSnjDNUjX1ToLM=
M_jqUgQvOl6WQNuRrNOYFj_GlkCvpUTsurQEYlf2rRpocxpR8rsbeLDkRtSD4HQzA8fTtkNMyLc=
25RRi11Gz0SGsUT4jmGZ9TZL2xf88LviA-N3fQEsQC1XF4e9EHwj3ZN9oxOZUNAyp3i_hxb11cD=
xzCSj2D_byRrWuSkkhv-cCAI-G04HgIcPoD8Kfx9kSWfSqkqAMi7a167CwC7NGszey1PyZzYdPy=
zNXc4QqLC0eC_19AaQFRxDlWKDDuEQfD_TgZX4BZdSoUTz5i9MmDmI_tfKuN_JLeiZDo_cwfDrn=
VFaa_H-PThAHc9AXVJ3ZNvsi2tE-G8KwX1N97Tx04opiDuUci2YMT7WkiTBLPM4aew%3D%3D" t=
arget=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: block; margi=
n: 0px; line-height: 1.2; font-size: 16px; text-decoration: none; color: rg=
b(255, 255, 255); background-color: rgb(0, 82, 255); border-radius: 30px; t=
ext-align: center; padding: 18px 0px;"><strong>Learn about the merge</stron=
g></a><!--[if mso]></center></v:textbox></v:roundrect></td></tr></table><![=
endif]--></div> <table width=3D"100%" role=3D"presentation" valign=3D"top" =
style=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; bor=
der-collapse: collapse; min-width: 100%; text-size-adjust: 100%;"> <tbody> =
<tr style=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-break:=
 break-word; vertical-align: top; min-width: 100%; text-size-adjust: 100%; =
padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0"=
 width=3D"100%" align=3D"center" role=3D"presentation" valign=3D"top" style=
=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; border-c=
ollapse: collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%;">=
 <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"top" style=3D"wo=
rd-break: break-word; vertical-align: top; text-size-adjust: 100%;"><span><=
/span></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <div> <tab=
le style=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td style=3D"margin: =
0px; padding-right: 11px; vertical-align: middle;"><img src=3D"https://d15k=
2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-=
c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width=3D"12" he=
ight=3D"12" style=3D"display: block; width: 12px; height: 12px;"></td> <td =
style=3D"margin: 0px; padding: 0px; vertical-align: middle;"><p style=3D"ma=
rgin: 0px; font-size: 16px; letter-spacing: 0.075em;"><strong> NOW TRADING =
ON COINBASE </strong></p></td> </tr> </tbody> </table> </div> <a href=3D"ht=
tps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJXwF9Jwsks5fQ-=
XuvR6-K43hOjQYsE5QBXtYd477Yab3reqGbxqxea8zSuwIALd42N5K6zRV7Q_nIxdXy9KtL4vTM=
N52nEvBT7J65C9mzM2B83Xa-wFJ_eH0SrP1oaNviA_PAX4GkmUYadTiICoHFjt8E73RBcUGgcP5=
--ZYA0fFVUUPDZDNXZrOYa8LTkOuBckwDQETAsTuHcaiom-431kpiecIHdCOn5hAk4mo8BTz2YP=
EkDX-lGV8FWYnp8BVTnN22t72AB_dPwSl8yLI0SmF4HLbMGWZY61j-eXmhrLpHXLQtuOCTjP89K=
f7OHFoJKE-IXbYKcQzXcIaY04Kv9vwdgZeBGK38gaT_OEkVThkLRNUkKd83ukh1p3bhIV53rhea=
1tRbf4Harjd02OQfDRy4BTx9YkvuWuTVxEFND1H" target=3D"_blank" rel=3D"noopener =
noreferrer" style=3D"color: rgb(10, 11, 13); text-decoration: none;"> <tabl=
e style=3D"margin: 16px 0px 0px; width: 100%;"> <tbody> <tr> <td style=3D"f=
ont-size: 32px; line-height: 1.26; word-break: break-word; vertical-align: =
middle; white-space: nowrap;"><strong>GUSD</strong></td> <td style=3D"verti=
cal-align: middle; padding-left: 12px;"><img src=3D"https://dynamic-assets.=
coinbase.com/87c833a8b7f8cdd1e6a9a0714d5a3dbef9bff519e84361b85f752943bfea9f=
ad0d14d881229fcb7fc2320e5d623353cc75b4ae272da4647c20965c0849d882da/asset_ic=
ons/750672273221f0a26fc9730fa942f4f7804c6308b04e43860c31a16bdda92a3a.png" w=
idth=3D"26" height=3D"26" style=3D"display: block; width: 26px; height: 26p=
x; vertical-align: middle;"></td> <td style=3D"vertical-align: middle; text=
-align: right; width: 100%;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.=
net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371=
967418192255878e9689713/Newsletter%20Assets/newlistings_light.png" width=3D=
"21" height=3D"18" style=3D"width: 21px; height: 18px; vertical-align: midd=
le;"></td> </tr> </tbody> </table> <p style=3D"margin: 0px; line-height: 1.=
6;">GUSD is a stablecoin running on Ethereum that attempts to maintain a va=
lue of US $1.00. </p> </a><a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_=
e=3DyCaP3RLhbhjDDGjWpzeQJXwF9Jwsks5fQ-XuvR6-K43PiZHw8xraha4HeL3OnP8fUogT1xy=
DtcFq0Zp2towgPqka15T21xHUbYVe4AF8CYfSaxtZ8HuEVUR0dzo7X3ud-se7KvXgD41FAx5pUY=
YekyoNZsMCAvNfHwbK8qQvT4paamOYcw4TRTRjGRZ00uKbbucVua3nMQ13ehBUlulmCIci0ePyh=
2cBnnXPQd6HlynArTi-GJebh8_tEMyWoglk8sfoTWENnWUdg4nnZUOsNUfmriUPLz14joXEh1cr=
TD1K1MqNdJzef9Y4OpyXIT2KdG9UNFFPDLovFL9ALb_aEXIWUH1QZsQKucjpmgPiurEn7vb0koU=
r1YqK0R9uvroX2HrAsp9BmE_5DxscHpCumqL9b-W8LVcIoWm3DsqlvzJIWLpS-mg9gNj48MuZC-=
iU" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"color: rgb(10, 1=
1, 13); text-decoration: none;"> <table style=3D"margin: 16px 0px 0px; widt=
h: 100%;"> <tbody> <tr> <td style=3D"font-size: 32px; line-height: 1.26; wo=
rd-break: break-word; vertical-align: middle; white-space: nowrap;"><strong=
>CELR</strong></td> <td style=3D"vertical-align: middle; padding-left: 12px=
;"><img src=3D"https://dynamic-assets.coinbase.com/4323e24fc0ea4bef224bb2d9=
ae157e358e634c11deb4578766d84023142ff752b674ffd3c06bfe4c0588c21e754e9e0ceef=
4e0ec6fa8925ab96caa639914c287/asset_icons/327d63f3d2e25896e7adddc2730ac8e37=
3adbd1320f34cb301542c7997e633b9.png" width=3D"26" height=3D"26" style=3D"di=
splay: block; width: 26px; height: 26px; vertical-align: middle;"></td> <td=
 style=3D"vertical-align: middle; text-align: right; width: 100%;"><img src=
=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713=
-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20=
Assets/newlistings_light.png" width=3D"21" height=3D"18" style=3D"width: 21=
px; height: 18px; vertical-align: middle;"></td> </tr> </tbody> </table> <p=
 style=3D"margin: 0px; line-height: 1.6;">CELR is an Ethereum token that po=
wers the Celer Network, a layer-2 scaling platform to build fast, easy-to-u=
se, low-cost and secure blockchain applications at internet scale. </p> </a=
><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819225587=
8e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJX=
wF9Jwsks5fQ-XuvR6-K43ZgilzeieNd_6c9BLwdelsg3WXvn8ZgY8gLOZ-4Ymrk3XssbBeWeXJI=
5n3zZbuLgiqDpKiURkavPWDnLdmqp6RkxvGFF11SQd_UHbrEKuOHlKRoVZz4EpnzkV6GMgAYgpX=
bGHrqXez0ejWAhzEPL3QABw69tW4RsDjteH07Xxx4c6ufSx87PtGAiW_dV-hpNYkqpQAgH3hFCp=
rK48JzaIXL_mCEX4dhxvn5D2mVw7Af29d1lbA9ldYCrIDQC3q3xEat3Y1aFlS_2EQ0-rxkzoEax=
PPvEoTNjbTUw2uDE6wM5_1tMgpqoVUHEujb8W5WVpjcmpbBTzlbKIEeJ0HcjS88OQZrKmQx5ySo=
PA-h0RXdZQPd5kyqshOzN9wwEPbg9CLpkTwc3Mg4e9Fjt9sHWu-" target=3D"_blank" rel=
=3D"noopener noreferrer" style=3D"color: rgb(10, 11, 13); text-decoration: =
none;"> <table style=3D"margin: 16px 0px 0px; width: 100%;"> <tbody> <tr> <=
td style=3D"font-size: 32px; line-height: 1.26; word-break: break-word; ver=
tical-align: middle; white-space: nowrap;"><strong>STG</strong></td> <td st=
yle=3D"vertical-align: middle; padding-left: 12px;"><img src=3D"https://dyn=
amic-assets.coinbase.com/064c51afdf4ee600f680127e68477d702947e4d8b91fb7ec60=
9b51589f49b89c0c4f6f995a3c1ffd13807369c5dd4fbc1c2f36b7e88c67228b2e0df96a509=
3c9/asset_icons/eda1673602614f40fe85b7d26fb5da8e9be9cf6427b680dd7384a64e13d=
28427.png" width=3D"26" height=3D"26" style=3D"display: block; width: 26px;=
 height: 26px; vertical-align: middle;"></td> <td style=3D"vertical-align: =
middle; text-align: right; width: 100%;"><img src=3D"https://d15k2d11r6t6rl=
.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd=
6a/3aca56371967418192255878e9689713/Newsletter%20Assets/newlistings_light.p=
ng" width=3D"21" height=3D"18" style=3D"width: 21px; height: 18px; vertical=
-align: middle;"></td> </tr> </tbody> </table> <p style=3D"margin: 0px; lin=
e-height: 1.6;">STG is an Ethereum token that powers the Stargate Finance e=
cosystem. </p> </a><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5=
6371967418192255878e9689713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP=
3RLhbhjDDGjWpzeQJXwF9Jwsks5fQ-XuvR6-K41hY_hSzZXOeUVgQclvDFlcPkQV22H1qlyM6j2=
3LPO8qWBETJVJWhazZvvtykg6ytMHM-mOhQDWl-wcLhRyQ5GOxL9zq0kKiGNYo-OoUyQZIku3gP=
_yEdY1frgmZLPiNJcUX--wW5KS4vNGPdGqjIMEVZDHDfOb3PQK1v_0mMFkXEWL8DfWvEGT6OE9a=
FdjE4sbgSsHlw2-gscpxvDxP-M3cyQHpObTY51Z2uQIUAgnR7lXyBdOYoY1vaZKZhe6ZvmvVaTe=
yXpuodJ6_goN7pHLnxgP0Ez4r2qHSyMUuI6wSRnmvmIPbWpz-W5D9Yjn7hhBaRUKkmZzkZi9r1l=
oJyobSCGZkcNzahGxAnu_Z4HzgDI5ZVHNXrakKzrpYnckAztoO8ODoHv8mLWpuMB6-KsSEswEwm=
IQpAOjoSHeiBGd8Q%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer" style=
=3D"color: rgb(10, 11, 13); text-decoration: none;"> <table style=3D"margin=
: 16px 0px 0px; width: 100%;"> <tbody> <tr> <td style=3D"font-size: 32px; l=
ine-height: 1.26; word-break: break-word; vertical-align: middle; white-spa=
ce: nowrap;"><strong>LOKA</strong></td> <td style=3D"vertical-align: middle=
; padding-left: 12px;"><img src=3D"https://dynamic-assets.coinbase.com/e4f1=
fa774df43d147a75c5b268ffb454b3bea3b7fa932b9aa185bc8a385470f375c87446f4edf8e=
6f6c9042717aa8920c546252829aa6d9b08854d161f359caa/asset_icons/40e6a100f94c1=
e0b48837e67b55dcd53239edbaf29b14ae910d15fca0419c20c.png" width=3D"26" heigh=
t=3D"26" style=3D"display: block; width: 26px; height: 26px; vertical-align=
: middle;"></td> <td style=3D"vertical-align: middle; text-align: right; wi=
dth: 100%;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/=
Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9=
689713/Newsletter%20Assets/newlistings_light.png" width=3D"21" height=3D"18=
" style=3D"width: 21px; height: 18px; vertical-align: middle;"></td> </tr> =
</tbody> </table> <p style=3D"margin: 0px; line-height: 1.6;">LOKA is an Et=
hereum token that powers the League of Kingdoms MMO strategy game where gam=
ers fight for the dominion of land. </p> </a> <table width=3D"100%" role=3D=
"presentation" valign=3D"top" style=3D"table-layout: fixed; vertical-align:=
 top; border-spacing: 0px; border-collapse: collapse; min-width: 100%; text=
-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td valig=
n=3D"top" style=3D"word-break: break-word; vertical-align: top; min-width: =
100%; text-size-adjust: 100%; padding: 48px 0px;"><table border=3D"0" cellp=
adding=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"center" role=3D"pres=
entation" valign=3D"top" style=3D"table-layout: fixed; vertical-align: top;=
 border-spacing: 0px; border-collapse: collapse; border-top: 2px solid rgb(=
222, 224, 226); width: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> =
<td valign=3D"top" style=3D"word-break: break-word; vertical-align: top; te=
xt-size-adjust: 100%;"><span></span></td> </tr> </tbody> </table></td> </tr=
> </tbody> </table> <p style=3D"margin: 0px; line-height: 1.6; word-break: =
break-word;"><strong>Trivia answer</strong></p> <table style=3D"margin: 12p=
x 0px 0px; line-height: 1.6; word-break: break-word;"> <tbody> <tr> <td sty=
le=3D"padding-right: 12px;"><strong>B</strong></td> <td>Ropsten</td> </tr> =
</tbody> </table> <table style=3D"margin: 48px 0px 0px;"> <tbody> <tr> <td =
style=3D"text-align: left;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.n=
et/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719=
67418192255878e9689713/Rebrand%20Assets/coinbase_footer_wordmark.png" alt=
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yJrd4mN8q330GDd0BHksaWUu_JWilJpEsCLrpsODuE07I1ZlDjiZs6fDodQNvavQH6nVEHn9fRl=
163qFGBFVpra4AV-zKIOuzNOmbi0Zo_NQQYxoqGrRGl9mtnBkaQhfVkygLFhV7NYjyQWCSN6NlK=
HJ4eYUmUnk8lsvnluf7PfnF0Xkf_QjeTMsH7CiasbTaIwD01sA0wCQd7luxWGrBnzzVdcPlwNSW=
Wm0kzV2rL1F9WzpWCXpyMTmN4jDxQteKWU-mzvqXEo5YQ2G-cGqwo04RHDWGpiF4M0F5-NyjaAG=
WOD_YiUw-ENQ2BPB3qZiYeSDoATenbDlhWwzzCVQndgIzvXTmpbBtKTkcpmGjEDH6DodoTHK-Q_=
dW_9MSlkec" title=3D"coinbase ios app" target=3D"_blank" rel=3D"noopener no=
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tegrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e968=
9713/Icons/app_apple.png" alt=3D"Download on iOS App store" height=3D"46" s=
tyle=3D"display: block; height: 46px; margin-right: 8px;"></a></td> <td><a =
href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e96=
89713&_m=3Df3fd59493c474d16a3228b442aff5bdc&_e=3DyCaP3RLhbhjDDGjWpzeQJdZglA=
Ej52WMnWmA2t3uGT6qI-XhxlUGGHdvDw5dGMm5I6j2BfLsLtNY7B0_FOLaPWLML7k9SiZZ0omVz=
BU_qtgIQOclkyCDtwO89bJV4cbjBpPoaNC4KI1c_6ENvfzXVnMcnIjKhtPjnezKGoXXNrXkYtWl=
eDtDYBBQBWdfUBcs0H-VanRv18OCUVJ6y5xuW-siccidfQQVzaov3gkqP-i5UIPkGz2-TpRTN2y=
QzPUdjj7K2gqoJb2stqQVLuIOecT79pRPQ3xpMpnVX-4QmcFSoH1mtGpIEZzFxDcuredJPELmi2=
J2jI19gXckEpoYTDQrczZZq0oZAWBdHQxd2h4SBtIF-e-qHxYjJKhk_gHsq61Ux0co19MJpi7hw=
Rf-oPCzL6XzqcZbA7pGzzQaOpLP1v73NM4u_iNExeoXwjQe" title=3D"coinbase android =
app" target=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://d15k=
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c542cff6dd6a/3aca56371967418192255878e9689713/Icons/app_google.png" alt=3D"=
Download on Google Play" height=3D"46" style=3D"display: block; height: 46p=
x;"></a></td> </tr> </tbody> </table> <div style=3D"margin-top: 24px;"> <p =
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