Introduction: Under the regulatory policy adjustments of the Trump administration, the U.S. crypto market is undergoing significant changes, and Coinbase, as a leading U.S. exchange, is experiencing a series of new developments. From the easing of the regulatory environment to the expansion of its business, Coinbase has been making frequent moves. In February, the Securities and Exchange Commission (SEC) withdrew its lawsuit against the company, marking a temporary end to the U.S. regulators'...