Coinbase Institute: Shaping the Future of Cryptocurrency Policies

Estimated read time 3 min read

Welcome to the Coinbase Institute

In a bid to steer the conversation about cryptocurrency and digital assets, Coinbase has launched its own think tank – the Coinbase Institute. Aiming to be more than just a crypto celebrity, this institute intends to delve deeper into global policies and practices surrounding digital currencies.

Hermine Wong: The Captain at the Helm

Taking charge of this ambitious venture is Hermine Wong, Coinbase’s director of policy, who has an impressive background that includes experience at the U.S. Securities and Exchange Commission (SEC) and the Department of State. This powerhouse team is determined to make an impact!

Brain Trust of the Advisory Board

The Coinbase Institute isn’t going solo; it’s backed by a stellar Advisory Board comprising academics from top universities like Harvard, MIT, and Duke. Together with a partnership with the University of Michigan, they plan to provide research that reveals how cryptocurrencies can fit into the broader economic fabric.

  • Harvard – The Ivy League powerhouse
  • MIT – Where tech meets economics
  • Duke – Rich in history and finance
  • John Hopkins – A health and data icon
  • University of Michigan – Home to groundbreaking surveys

Talk about a brainy bunch!

Research and Reports: The Grapevine of Digital Assets

The Coinbase Institute is already off to a flying start with the release of its inaugural “Coinbase Primers.” This series of reports intends to break down complex issues in crypto for the average Joe and Jane. The first highlight? “Crypto and the Climate,” which focuses on the energy consumption of proof-of-work (PoW) blockchains. Because being green is the new black—or is it the other way around?

Connecting the Dots: Financial Insights

Coinbase also launched its monthly insights report, comparing the wild world of crypto with traditional finance. It’s a bit like apples and oranges, but you can at least appreciate the fruit salad that forms! Each report will place a spotlight on a specific theme—stay tuned for the juicy details!

Past Efforts: A History of Advocacy and Action

Coinbase isn’t new to the advocacy scene. Back in May 2021, they hit the ground running with a fact-checking portal, aiming to dispel myths about cryptocurrencies. This was followed by them forming a political action committee before the midterm elections, and spending a whopping $1.3 million on lobbying efforts. Well, someone has to pay for all that crypto education!

Looking Ahead

The Coinbase Institute might not have a specific agenda yet, but they’re committed to rolling out more original research, aiming to enhance public understanding of crypto’s vast ecosystem and its significance in the economy. Grab your popcorn; the conversation is just heating up!

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