Coinbase CEO Vows to Fight for Crypto’s Success, Cites Dangers of U.S. Crypto Regulation

Coinbase CEO Vows to Fight for Crypto’s Success, Cites Dangers of U.S. Crypto Regulation
фото показано с : zycrypto.com

2022-9-24 22:13

Brian Armstrong, the CEO and co-founder of cryptocurrency exchange Coinbase, has promised to fight to ensure that crypto succeeds in the U.S. while slamming the government’s current approach to the asset class. 

In a Twitter thread, Armstrong highlighted his issues with the U.S. government’s approach to crypto. One of the U.S. government’s strongest policy arguments for cryptocurrency is that it is a national security issue – a stance, he notes, that has the potential of driving crypto innovation offshore.

Armstrong argues that the U.S. cannot afford to miss out on crypto like it missed out on other innovations like semiconductors and 5G technology. 

The Coinbase chief also called out the U.S.’s regulations by enforcement approach to crypto. Regulation by enforcement has a terrible ‘chilling effect,’ he said. This effect, essentially inhibiting the legitimate exercise of rights by the threat of legal sanction, is already leading to a huge amount of crypto talents, asset issuers, and startups going offshore.

Despite this adversarial environment in the U.S., Armstrong stated that Coinbase would continue fighting to ensure crypto succeeds for everyone. He added that crypto is too important to America and the free world to fail.

“Coinbase is a global company, but we’re based right here in the USA and will fight to make sure crypto succeeds here for everyone. It’s too important to America and the free world,” he wrote. 

Coinbase is still committed to helping draft crypto regulations

Armstrong’s remarks come shortly after the White House, which has often called crypto a national security issue, published its first-ever recommendations for a crypto regulatory framework.

Meanwhile, Coinbase – the largest exchange by trading volume in the U.S. – has severally been on the receiving end of regulation by enforcement. In July, the SEC said it had doubled its investigations into whether the publicly listed exchange has been offering unregistered securities, according to a report by Bloomberg.

Coinbase responded to the SEC’s move, reiterating that the exchange does not list securities. Similarly, in the company’s earnings call in August, Armstrong commented that more crypto regulations would benefit everyone and that Coinbase is committed to working with all global regulators to ensure crypto receives regulatory clarity.

Coinbase added in its shareholder’s letter that it had submitted a petition requesting the SEC to review and update its crypto regulations. 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

crypto fight ceo coinbase ensure succeeds asset

crypto fight → Результатов: 126


Фото:

The SEC Is Delaying Another Bitcoin ETF Decision

The United States Securities and Exchange Commission (SEC) is in no hurry to review the pile of Bitcoin ETF filings it has been accumulating over the past year. Not three weeks since postponing its decision on five other Bitcoin ETFs, the SEC has indicated in a public statement that it will be delaying its decision to approve or reject SolidX Bitcoin Shares until late September.

2018-8-8 17:15


G20 Refrains from Regulation, Vows to Fight Money Laundering at Recent Summit

At the last G20 summit in March 2018, financial leadership from twenty of the world’s most significant economies had wildly divergent opinions about the validity and risk of cryptocurrencies. While some countries feared that official actions by the group would provide more legitimacy than the relatively new currencies deserved, others worried that an unregulated crypto […] The post G20 Refrains from Regulation, Vows to Fight Money Laundering at Recent Summit appeared first on CryptoSlate.

2018-7-28 05:00


Iranian Government Gags Crypto Exchanges To Fight 127% Inflation And New US Sanctions

The government in Iran has gagged bitcoin exchanges across the country, claim bitcoin users and alternate coin community of the Islamic state. The government has been censoring its citizens from engaging in crypto-economy, to apparently counter the fresh round of economic sanctions that the US government is looking to impose later in August this year.

2018-7-5 21:31


Фото:

Bahamas to Introduce Own Crypto, Aims to Digitize Government, Financial Services

The Central Bank of Bahamas has officially announced plans to introduce a national cryptocurrency, as well as blockchain-powered digitization of Bahama’s government and financial services. The announcement was made by Deputy Prime Minister K Peter Turnquest on Friday, June 22, during the Bahamas Blockchain and Cryptocurrency Conference.

2018-6-27 13:28


Фото:

Bill introduced in US Congress to help study crypto and how it relates to sex trafficking.

The US House of Representatives Financial Services Committee has proposed a bill today that would initiate a study on how cryptocurrencies are used in sex trafficking. The “Fight Illicit Networks and Detect Trafficking” or the “FIND Trafficking Act” was prepared by Representative Juan Vargas and was supposed to be introduced on June 12. Members of

2018-6-13 07:19