The Coinbase allegations expose Bitcoin's corporate governance gap

The Coinbase allegations highlight a governance gap: Bitcoin has no central authority or corporate board to investigate claims, set accountability standards, or resolve disputes across the ecosystem. That decentralization is a core feature, but it leaves users and investors reliant on individual companies’ governance, regulators, and market scrutiny. The key implication is that Bitcoin’s protocol can remain decentralized while trust in businesses built around it depends on stronger, transparent corporate oversight.