is coinbase federally regulated

Here is the article you requested. Title: Coinbase: Federally Regulated or Not? Coinbase, a cryptocurrency exchange platform, has received significant media attention due to its controversial status as a platform that allows for the buying and selling of legal tender, which is an unlawful activity under the US Federal Reserve Act. As such, Coinbase has been subject to a range of regulatory investigations and hearings. However, the company has denied any wrongdoing and continues to operate as a marketplace for cryptocurrency. In recent years, there have been several attempts to regulate cryptocurrency platforms, including Coinbase, to prevent their use for illegal activities. In December 2020, the Sec sought to regulate Coinbase as a financial institution, citing potential violations of the Bank Secrecy Act. However, in March 2021, the company was granted a waiver, allowing Coinbase to operate as an exchanged trading platform, despite its offense under the FSA. Despite the controversy surrounding Coinbase, there is no doubt that the platform has been in the business of providing an exchange platform for the buying and selling of cryptocurrencies. As such, the company's continued operation raises questions about whether it should be subject to regulation under the FSA. In conclusion, Coinbase's status as a cryptocurrency exchange platform is a complex issue that has been the subject of numerous regulatory investigations. The company's continued operation as a marketplace raises questions about whether it should be subject to regulation under the FSA. As the matter remains unresolved, it remains to be seen whether Coinbase will be federally regulated in the future.