Coinbase official outlines consumer protections, Ohio ties in committee testimony

Ashley Gunn, state policy lead for Coinbase, told the House Technology and Innovation Committee that Coinbase is regulated by more than 50 authorities and holds 46 money‑transmission licenses, including one from the Ohio Division of Financial Institutions.

Gunn said Coinbase is registered under the federal Bank Secrecy Act and employs “over 400 compliance, legal, and investigative professionals” who work with law enforcement and carry out transaction monitoring and suspicious‑activity reporting. “We are committed to being the most trusted crypto platform by prioritizing consumer protection, security, and regulatory compliance,” Gunn said.

Why it matters: Committee members repeatedly asked whether state law and the committee’s work are keeping pace with fast‑moving technology and whether Ohio can protect residents who trade or hold digital assets. Several lawmakers raised questions about custody, where systems and data are physically hosted, and…