According to a report in The New York Times, Coinbase, described as the biggest U.S. crypto company, is increasing its presence and influence in Washington. The development comes amid ongoing scrutiny of the cryptocurrency industry and increasing regulatory pressure. The report suggests Coinbase is aiming to play a more active role in shaping crypto policy and regulation.

According to a report in The New York Times, Coinbase, described as the biggest U.S. crypto company, is increasing its presence and influence in Washington. The development comes amid ongoing scrutiny of the cryptocurrency industry and increasing regulatory pressure. The report suggests Coinbase is aiming to play a more active role in shaping crypto policy and regulation.