On the Margin Newsletter: Coinbase adds to crypto’s war chest

Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Casey Wagner and Felix Jauvin. Here’s what you’ll find in today’s edition:

General election season is well underway, and crypto companies are opening their checkbooks. A sign the bull market is truly upon us afterall, perhaps? 
A $1.6 trillion asset manager came out swinging in the ether ETF fee war, but a competitor could be positioned to one-up them.


As promised, President Joe Biden on Friday vetoed H.J.Res. 109 — a pro-crypto bill that attempted to overturn the SEC’s Staff Accounting Bulletin (SAB) 121. The veto comes after a rare show of bipartisan support and cross-chamber cooperation required…

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