Isn't Coinbase a US listed company They played a tricky game, investing in a company that mapped its stocks onto the blockchain and base chain. That is to say, without a US stock account or a Hong Kong card, one can still speculate on Coinbase's stock price, which is considered good news for Coinbase. After all, not everyone has a US stock account and overseas card. I don't know if the regulatory authorities will launch a surprise attack. If they don't, it's highly likely that other companies will do the same, which is beneficial for ETH.