It's interesting to see how Coinbase is now actively lobbying for cryptocurrency regulation issues, especially concerning stablecoins. Apparently, this is a reaction to their recent financial troubles — when the business isn't doing well, they start seeking support from the government.

The point is that they are trying to shift the focus to regulatory frameworks, claiming that clear rules are needed for cryptocurrencies and their derivatives. Maybe this even makes sense from a long-term stability perspective, but it clearly also helps them strengthen their position. Stablecoins are exactly what they can profit from if they get the right regulation.

In general, when major players start talking about the need for cryptocurrency regulation, it's always worth asking: who benefits from this? The usual answer — themselves. But maybe this time, something really will change.