Sid Coelho-Prabhu, Coinbase Wallet Senior Director of Product Management, on Self-Custodying as the Most American Thing | Ep. 352
Cryptonews Podcast host Matt Zahab recently sat down for an exclusive interview with Sid Coelho-Prabhu, the Senior Director of Product Management for Coinbase Wallet.
The executive discussed why self-custodying crypto is the most American thing now, particularly in the current US political climate.
He went on to explain how making self-custody simple and convenient will result in the next adoption wave, as well as the way the crypto space has evolved over the past year alone.
Lastly, Coelho-Prabhu listed the major pain points the new Coinbase products are solving.
There has been a notable shift in the US political scene in regard to crypto. For the first time in history, one of the country’s two dominating parties – the Republican Party – has committed to the right to self-custody.
“I was so excited, I had to pinch myself when I saw the news,” Coelho-Prabhu said. “I never in my wildest imagination thought it would be part of a presidential platform or a presidential debate. And to see that happen is amazing.”
The executive argued that this is the result of a major realization. Politicians are recognizing that one in five Americans owns crypto.
This means that a large number of voters support crypto assets. A politician would be wise to encourage that user base rather than alienate it.
“I’m glad that at least one political party has understood that. To some extent, there’s nothing more American than owning and self-custodying crypto,” Coelho-Prabhu remarked.
Crypto is freedom and economic empowerment, and these should not be partisan issues. Rather, everyone should support each individual’s right to access investments.
A major American political party has declared in its official platform its commitment to "the right to
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