CoinDesk opinion says Coinbase allegations highlight a corporate governance gap in Bitcoin

CoinDesk published an opinion piece on Oct. 20 arguing that allegations involving Coinbase have exposed a corporate governance gap around Bitcoin. The article was written by Onramp CEO Michael Tanguma and edited by Cheyenne Ligon. Tanguma’s central argument is that corporate adoption of Bitcoin will remain limited as long as companies cannot demonstrate three basic points: who controls the funds, who authorizes their movement, and whether the assets are still there. The piece frames those questions as a governance problem rather than a technical one, tying the issue directly to how businesses account for and oversee Bitcoin holdings. CoinDesk listed the publication time as 1:02 p.m. EDT on Oct. 20, 2026.