Coinbase CEO accuses the SEC of a “crusade” against the crypto industry
In this, Brian Armstrong said that the company will not leave the United States
10.05.2023 - 11:40
332
3 min
0
What’s new? In an interview with CNBC, Coinbase CEO Brian Armstrong reiterated the crypto exchange’s commitment to the US market despite the regulatory uncertainty, which he also previously told investors. Among the financial agencies controlling the industry, the businessman singled out the Securities and Exchange Commission (SEC), whose chair, Gary Gensler, “has taken a more anti-crypto view for some reason.” Armstrong characterized the regulator’s recent actions as a “lone crusade” against the digital asset industry.
What else is known? According to Armstrong, Gensler is not seeking to regulate the crypto industry but to restrict it. He noted that the lawsuits filed by the commission against crypto companies are not very helpful to the industry in the United States as a whole, adding that they can help bring clarity to the regulation of the digital asset industry.
Court orders the SEC to respond to Coinbase’s crypto regulation petition
According to the court’s order, the Commission must disclose the country’s cryptocurrency regulations within 10 days
Armstrong also denied a suggestion he made in April that the company might move its headquarters overseas. He noted, however, that the US is behind on regulatory issues, while the EU has already passed comprehensive cryptocurrency legislation and the UK has been hospitable to digital assets in general.
Earlier, the US lawmakers’ war against the crypto industry was announced by the Blockchain Association, singling out Gensler and Massachusetts Democratic Senator Elizabeth Warren as the main opponents of the digital asset sector. Robert Francis Kennedy Jr. also said of the industry’s illegal standoff with US regulators, and Ripple CEO Brad Garlinghouse advised entrepreneurs not to open a cryptocurrency business in the States because of the regulatory climate.
Useful material?
Telegram 
Twitter Trends
As of January 21, the capitalization of this sector of the crypto market exceeds $519 billion
Jan 21, 2025
Market
The platform generated $9,5 million in revenue during the same time
Jan 20, 2025
Market
Shares of the Trust are designed to track the market price of XRP with fewer fees and expenses
Jan 17, 2025
Market
The asset will allow USDT to move seamlessly between different blockchains
Jan 17, 2025
Market
Earlier, the community criticized the project for its lack of transparency, which led to a sharp drop in the HYPE token price
Jan 8, 2025
Market
Rising US Treasury bond yields are negatively affecting risk assets
Jan 8, 2025
Cryptocurrency rates
-
Bitcoin
$104 758
BTC
+2.06%
-
Ethereum
$3 292.11
ETH
+0.39%
-
Ripple
$3.16
XRP
+2.18%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.36327
DOGE
+5.68%
-
Cardano
$0.992271
ADA
+2.43%
-
Stellar XLM
$0.431474
XLM
-1.13%
-
Polkadot
$6.56
DOT
+2.21%
-
Bitcoin Cash
$443.31
BCH
+2.87%
-
Litecoin
$116.34
LTC
-1.43%