Coinbase Applauds California’s Pioneering Crypto Protection Legislation

In a landmark move for digital asset regulation, California has become the first U.S. state to extend unclaimed property protections to cryptocurrencies through Senate Bill 822. The legislation, signed by Governor Gavin Newsom and introduced by Senator Josh Becker, ensures that unclaimed digital assets like Bitcoin and Ethereum must be maintained in their original form when transferred to state custody. This groundbreaking approach prevents forced liquidation of cryptocurrencies and acknowledges their unique nature as property. Coinbase Chief Legal Officer Paul Grewal immediately praised the legislation as a forward-thinking model that other states should follow. The bill represents a significant step toward mainstream recognition of cryptocurrencies as legitimate assets deserving the same protection as traditional financial instruments. By treating digital assets differently from cash or securities in unclaimed property scenarios, California establishes a precedent that could shape future cryptocurrency regulations nationwide. This development comes at a crucial time when regulatory clarity remains a pressing concern for the crypto industry. Industry experts anticipate that California's leadership will influence other states to adopt similar frameworks, potentially creating more consistent treatment of digital assets across state lines. The legislation not only protects consumers who may have forgotten about their crypto holdings but also demonstrates growing governmental understanding of blockchain technology's unique characteristics.

California Becomes First State to Protect Unclaimed Crypto, Coinbase CLO Reacts

California has set a groundbreaking precedent in digital asset regulation with Governor Gavin Newsom signing Senate Bill 822. The legislation, introduced by Senator Josh Becker, extends the state's Unclaimed Property Law to include cryptocurrencies like Bitcoin and Ethereum. This marks the first time a U.S. state has mandated that unclaimed digital assets remain in their original form when transferred to the state, rather than being automatically converted to cash.

The law establishes clear protocols for handling dormant cryptocurrency accounts—defined as inactive for three years—treating them as intangible property under California law. The State Controller may appoint licensed custodians to manage these assets securely. If unclaimed after 18-20 months, the Controller reserves the right to liquidate the holdings through a transparent, regulated process.

Coinbase's Chief Legal Officer publicly acknowledged the move, signaling institutional approval for frameworks that preserve crypto's inherent properties. The legislation requires companies to notify owners 6-12 months before reporting dormant assets, creating a robust safeguard for investor rights.

Crown Secures $8.1M Seed Funding to Launch BRLV, a Brazilian Real-Backed Stablecoin

São Paulo-based fintech Crown has raised $8.1 million in seed funding to introduce BRLV, a stablecoin pegged to the Brazilian real and fully backed by government bonds. The round was led by Framework Ventures, with participation from Coinbase Ventures, Valor Capital Group, and Nubank co-founder Ed Wible, who joins Crown's board.

BRLV distinguishes itself from dollar-pegged stablecoins by offering institutional partners native revenue sharing from Brazilian bond yields. CEO John Delaney describes the structure as 'safer and fairer,' providing transparent access to Brazil's high-interest environment. Framework Ventures' Vance Spencer likened Crown's potential to 'the Circle of Brazil,' highlighting its appeal for on-chain exposure to local yields.

The funding underscores renewed venture interest in compliant stablecoin infrastructure amid evolving regulations. Crown's hybrid backing from crypto-native and traditional finance investors positions it to bridge on-chain liquidity with Brazil's $1.7 trillion bond market.

Toncoin Rebounds Above $2.28 as Institutional Accumulation Grows

Toncoin (TON) has stabilized above the $2.28 support level, marking a recovery after a 41% weekly decline rattled short-term traders. The Relative Strength Index (RSI) exiting oversold territory signals fresh bullish momentum, with market observers viewing this as a potential turning point.

AlphaTON Capital's $30 million TON token purchase highlights growing institutional confidence, while technical analysis identifies $2.27 as a key accumulation zone. Coinbase Ventures' undisclosed involvement further underscores the ecosystem's long-term potential.

Coinbase Stock Dips Ahead of Q3 Earnings Amid Valuation Concerns

Coinbase Global Inc. shares fell 3.79% to $343.47 in pre-market trading on October 14, 2025, as investors brace for the crypto exchange's third-quarter earnings report. Despite a 43.8% year-to-date surge that outpaces both the industry (0.4%) and broader market (10.8%), analysts question the sustainability of its 56.69 forward P/E ratio—more than double sector averages.

The stock's volatility reflects crypto's turbulent landscape, with shares oscillating between $341.84 and $364.90 during the session. All eyes now turn to October 30's earnings release, where trading revenue clarity and global expansion updates could justify—or further pressure—the $91.72 billion valuation.

S&P Global and Chainlink Collaborate to Publish Stablecoin Risk Scores Onchain

S&P Global Ratings has partnered with chainlink to bring its Stablecoin Stability Assessments (SSAs) onchain for the first time via DataLink. This initiative provides institutions and DeFi platforms direct access to stablecoin ratings on blockchain networks, enhancing transparency in the rapidly growing $300 billion stablecoin market.

The SSA framework evaluates 10 major stablecoins—including USDT, USDC, and DAI—on a scale of 1 (very strong) to 5 (weak), assessing asset quality, liquidity, governance, and regulatory compliance. Chainlink's DataLink will initially publish ratings on Base, an ethereum Layer 2 network, with plans to expand to other blockchains based on demand.

"Employing SSAs onchain gives market participants real-time data within their existing DeFi systems," said Chuck Mounts, Chief DeFi Officer at S&P Global. The MOVE signals accelerating institutional adoption of stablecoins as traditional finance seeks clearer risk benchmarks.

Coinbase Expands in Emerging Markets with Strategic Investment in India's CoinDCX

Coinbase is deepening its foothold in high-growth crypto markets through a fresh investment in Indian exchange CoinDCX, valuing the platform at $2.45 billion post-money. The deal, pending regulatory approvals, builds on prior Coinbase Ventures investments and signals confidence in India and the Middle East as key adoption drivers.

The move follows CoinDCX's recovery from a $44.2 million treasury-funded hack in July 2023, during which the exchange dismissed acquisition rumors. Industry observers view this as a strategic "partner-to-penetrate" approach, allowing Coinbase to leverage CoinDCX's established regulatory relationships rather than pursuing direct market entry.

"This isn't just about capital, it is about conviction in our long-term vision," CoinDCX CEO Sumit Gupta stated, highlighting the exchange's regulatory-first approach and the growing importance of India and UAE in global crypto adoption. CoinDCX reported annualized group revenue of ₹1,179 crore as of July 2025.