Berenberg Chief Analyst: Coinbase's lobbying efforts in the U.S. may be hindered by Hamas's use of cryptocurrency

ChainCatcher news, Berenberg Capital Markets Chief Analyst Mark Palmer stated in a research report that his main reason for taking a "cautious stance" on Coinbase is the various regulatory actions taken against it by the United States, as well as the political resistance brought about by the conflict between Israel and Hamas. Hamas militants used cryptocurrency to fund recent attacks on Israel, which may hinder Coinbase's cryptocurrency lobbying efforts in the U.S.

It is reported that over the past few years, Coinbase has significantly increased its lobbying efforts in the United States in hopes of introducing clearer and more cryptocurrency-friendly regulations.