Alexander LorenzoCoinPicks, CoinPicks · Founder & Chief Investment Officer CoinPicks Capital 👇🏾This strategy made me 8 million dollars

Coinbase is Quietly Becoming One of the Most Powerful Financial Entities

3 Jan 2026 · 1 min

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1:17

In this monologue, the speaker argues that Coinbase has become one of the most powerful financial entities by controlling a dominant share of Bitcoin ETF custody (about 90%), helping launch Circle and the USDC stablecoin, and maintaining deep connections with top U.S. financial regulators. The speaker cites former Federal Reserve officials now advising Coinbase, a former CFTC official now leading Circle, and a former U.S. magistrate serving as Coinbase's chief legal officer. He emphasizes that Coinbase and Circle are the only two publicly listed crypto companies in the United States, suggesting a concentrated network of influence between the crypto industry and the nation's most powerful monetary authority.

Chapters

The amount of power that Coinbase and what's happening here, the amount of power is crazy. Coinbase, probably now the biggest centralized exchange in the world, they have 90% of Bitcoin ETF custody. Basically what that means is all that Bitcoin that's purchased is actually stored on Coinbase. Wow. Now Coinbase helped launch Circle, which was the creator of USDC, which is the second biggest stablecoin in the world. Not only that, the Federal Reserve, which is the most powerful entity on the face of the planet, there's so much connections to Circle and Coinbase you have no idea. Now these are 3 of the biggest examples. Bill here used to be the president of the New York Fed. They are the most powerful entity on the face of the planet when it comes to money. And so there's people from the Federal Reserve that are now advisors to Coinbase. Now we have this person here that was on the the CFTC that is now the president of Circle. Coinbase and Circle are the only two public crypto companies in the United States. Now you're kind of putting it together. So we're talking about connections from the Federal Reserve, the only two companies in the United States that have IPO'd that are crypto companies. Coinbase pretty much created USDC. We have Paul here that was a US magistrate, now is the CLO, the chief legal officer of Coinbase. And these are just 3. I know there's way more. These guys are connected, bro. Something's happening here. It's very, very, very clear.