Coinbase Exec Highlights SEC Rules Expanding Bitcoin Access for Wealth Managers
Shan Aggarwal, Coinbase’s first-ever Chief Business Officer, discussed how new SEC rules could allow financial advisors to hold Bitcoin for their clients, positioning Coinbase at the forefront of this shift. Aggarwal highlighted that Coinbase already custodies most of the Bitcoin ETFs and supports the advisor community, seeing the new advisor rule as a way to expand access to Bitcoin.
The conversation also touched on the interests of major institutions like BlackRock and JPMorgan, which are seeking robust Bitcoin infrastructure. Aggarwal emphasized that Coinbase is providing the necessary infrastructure to support this growing demand.
Other topics included the potential of the Coinbase One Card to turn spenders into Bitcoin owners, the trillion-dollar opportunity in stablecoins, and partnerships with Citi to bring stablecoin payments to merchants. The discussion also covered how Coinbase customers are utilizing the Bitcoin Lightning network and the potential for AI agents to pay in Bitcoin or stablecoins.
Finally, Aggarwal mentioned Coinbase’s expansion into collectibles and everyday Bitcoin rewards, indicating the company’s broad approach to integrating Bitcoin into various aspects of financial services.