Offshoring Crypto Hurts US Financial System Laments Coinbase CEO
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Loading... - Brenda Velasquez
- 02 Mar 2023
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The ongoing war on crypto by U.S. regulators could do lasting damage to the country’s financial system, according to Coinbase CEO Brian Armstrong.
Brian Armstrong aired his views on the current state of the crypto industry in the United States in an op-ed with CNBC on March 1.
The industry executive is among many that are not happy with the regulatory crackdown and targeting of crypto firms. The Securities and Exchange Commission (SEC) has been leading the charge with its recent enforcement actions.
Gary Gensler’s agency is “carpet bombing” the industry claiming everything is a security. However, crypto assets have yet to be officially classified by Congress, which is procrastinating over legislation. Read More..
