PANews reported on March 6 that according to Crypto Briefing, Coinbase is renewing its push to tokenize its stock COIN as part of a broader effort to introduce security tokens into the U.S. market. The company first attempted this move in 2020 but abandoned it due to regulatory obstacles. With the establishment of the U.S. SEC's newly established cryptocurrency task force, the company sees new opportunities to integrate blockchain-based securities into traditional finance. Coinbase Chief Financial Officer Alesia Haas expressed optimism about regulatory progress at the Morgan Stanley TMT Conference.

Haas said: "I now believe that our U.S. regulators are looking for product innovation and want to move forward." Haas revealed that Coinbase initially planned to go public by issuing security tokens representing its COIN shares, which is consistent with its vision of integrating blockchain into traditional finance. Coinbase CEO Brian Armstrong emphasized the potential benefits of tokenized securities, saying they can provide consumers with the ability to trade around the clock.