Crypto in a Coinbase wallet isn't your crypto, it's a promise by Coinbase to give you that crypto when you ask. Of course if the government tells them they now

Crypto in a Coinbase wallet isn't your crypto, it's a promise by Coinbase to give you that crypto when you ask. Of course if the government tells them they now have to attach conditions to that promise, they will do it — their only alternative is to stop offering their services in that market. > it seems one by one the promises of crypto of the last several years are evaporating I don't think "the promises of crypto" have anything to do with the actions of Coinbase or any other centralised custodial entity.