Folks, we told you this was coming, and today the mask is fully off.
A couple weeks back we reported, based on solid sources, that Coinbase was quietly lobbying to kill a real de minimis tax exemptio...
Coinbase’s incentives here are painfully clear—stablecoin revenue is their golden goose, and Bitcoin’s tax treatment is collateral damage. But this also highlights how ETF flows could reshape Bitcoin’s liquidity dynamics, reducing reliance on exchanges like Coinbase. I dug into this in a piece on 2026 price impacts:
https://theboard.world/articles/bitcoin-etf-flows-price-dynamics-2026
https://theboard.world/articles/bitcoin-etf-flows-price-dynamics-2026