Coinbase CEO Armstrong Throws Down; Lummis-Gillibrand Return | Crypto Craft

  • Coinbase CEO Armstrong Throws Down; Lummis-Gillibrand Return

    From blockchaintipsheet.com

    Fearing the worst, American cryptocurrency platform Coinbase is taking its case to the American people. It’s now or never. Coinbase CEO Brian Armstrong began the day yesterday with an op-ed published on CNBC’s website expressing deep concern about regulatory momentum in the U.S. or lack thereof. At the same time, he offered hope, “By embracing crypto and other forms of digital finance, the U.S. can not only update its financial system, but also solidify its status as a geopolitical powerhouse.” Read more. Then, during a televised appearance during CNBC’s morning show Squawk Box, Armstrong reiterated his ... (full story)

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Goat
Mar 2, 2023 10:07am
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I don't know if Armstrong is naïve, delusional, or over-confident, but somehow he's missing a simple reality: Coinbase is a broker, and the rules for a broker have been long established. If the president of Fidelity or Schwab came out talking this nonsense they'd be put in a straight jacket.
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