The Coinbase allegations expose Bitcoin’s corporate governance gap
Corporate adoption of bitcoin will stall as long as companies can't show who controls the money, who approves its movement, or whether it's still there, argues Onramp CEO Michael Tanguma.
This is an opinion piece by Onramp CEO Michael Tanguma arguing that the Coinbase allegations highlight a corporate governance gap in Bitcoin treasury management. He contends that corporate adoption of bitcoin will stall as long as companies cannot demonstrate who controls the funds, who authorizes transfers, or whether the holdings still exist. The piece is commentary rather than new reporting, so its market impact is limited, but it signals lingering reputational and trust concerns around corporate BTC custody that could weigh on institutional adoption sentiment.
