“If you look at every financial crisis we’ve experienced in the U.S. in recent memory, it’s largely been caused by two things: leverage and opacity,” says Coinbase Chief Legal Officer Paul Grewal.

Billionaire Commerce Secretary Lutnick has long drawn scrutiny - and not just for his powerful role in government.

Coinbase hit $106 billion in value after joining the S&P 500 earlier this year, riding a 69% rally that pushed it to the ...