Coinbase Dropped as Member of UK Finance Lobby Group

Coinbase Dropped as Member of UK Finance Lobby Group
UK Finance, one of Britain's most prominent financial services lobbying groups, has terminated the membership of U.S. cryptocurrency exchange Coinbase, according to Bloomberg.
According to a letter sent by the board last week, a review of the organization's membership framework concluded that cryptocurrency exchanges no longer meet its criteria. The decision highlights growing friction between traditional financial institutions and digital asset companies as crypto firms expand their role in policy debates, payment systems, and regulatory framework discussions.