Delivered by Alesia Haas, Coinbase Chief Financial Officer

Chairwoman Waters, Ranking Member McHenry and Members of the Committee, good morning and thank you for this opportunity to testify on digital assets and the future of finance.

My name is Alesia Haas and I am Chief Financial Officer of Coinbase Global Inc. I also serve in the role of Chief Executive Officer of our U.S. subsidiary, Coinbase Inc. I joined Coinbase in 2018 after serving as Chief Financial Officer at Sculptor Capital and OneWest Bank, and have over 20 years of experience in the finance industry.

Today I’d like to introduce Coinbase, discuss the evolution of crypto, and highlight how today’s regulations could be changed to advance the bipartisan goals of protecting consumers and promoting innovation.

Coinbase’s mission is to increase economic freedom in the world. We were founded in 2012 with the idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Over the last nine years, our products and services have expanded to meet our customers’ needs in the rapidly innovating crypto industry. We have customers in every state except Hawaii and, as a remote-first company, we have employees in 45 states and the District of Columbia, including 24 of the 25 states represented by the members of this committee.

We now securely store 12% of the world’s crypto across more than 150 asset types, we offer customers the opportunity to learn about and buy, sell, send and receive more than 100 assets. We also offer customers the opportunity to spend, borrow, earn and stake on…

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