According to CoinDesk, Onramp CEO Michael Tanguma argues that corporate adoption of bitcoin will stall unless companies can clearly demonstrate who controls the money, who approves its movement, and whether it remains available or intact. The statement reflects concerns emerging from recent Coinbase-related allegations regarding governance clarity around bitcoin holdings within organizations.
Tanguma’s view emphasizes practical operational needs for businesses using bitcoin: identifying accountable parties for monetary decisions, approval processes for transfers, and verification of asset presence or status. Without such clarity, companies face difficulty integrating bitcoin into financial operations confidently.
The allegations relate to Coinbase and touch on governance transparency in how organizations manage bitcoin assets. The focus is on corporate ability to answer fundamental questions about control, authorization, and asset availability—key factors for operational and compliance assurance.
