Coinbase Breaks With Major Blockchain Industry Group

By Elise Hansen (August 11, 2020, 6:28 PM EDT) -- Coinbase said Tuesday it is leaving Blockchain Association, an industry group it helped found, citing "recent decisions" the cryptocurrency platform believes could "irreparably impair the credibility of the association."

A Coinbase representative confirmed to Law360 that the cryptocurrency marketplace was leaving Blockchain Association, but did not specify which decisions led to its departure.

"It's with great disappointment that Coinbase has withdrawn from the Blockchain Association," the spokesperson said. "However, recent decisions made by the association and its board seem at odds with the association's mission. We believe that decisions made now have the potential to irreparably impair the credibility of the...

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