This podcast episode delves into Coinbase's global expansion strategy, the regulatory landscape for cryptocurrencies in various jurisdictions, and the need for clear regulations to facilitate innovation and adoption. Experts discuss the token mapping exercise being conducted by regulators, the Mika framework in Europe, and the cautious approach taken by some markets. They express concerns about the US lagging behind in terms of crypto-friendliness and the need for global cooperation to set standards and regulations. The episode emphasizes the importance of striking a balance between fostering innovation and ensuring market integrity, financial stability, and investor protection.