Coinbase's Armstrong Says Crypto Regulation is Matter of National Security
iHodl.com
Main page News, US Market, Regulations, Coinbase

The crypto industry needs a clear rule book as more businesses are inclined to move offshore thereby posing risks for US national security, Coinbase boss Brian Armstrong said in an interview with Bloomberg TV.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

The Coinbase CEO stressed his top priority in 2023 is the regulatory environment as he wants to make sure the crypto market in the US is moving in the right direction. He added:

"The rest of the world has actually embraced crypto. We've seen all the major financial hubs, Singapore, Hong Kong and London, and the EU just passed comprehensive crypto legislation [...] We need a clear rule book so that this industry can be built here."

Coinbase Launches Campaign to Support Cryptocurrencies

Armstrong emphasized he doesn't want to see the market moving to offshore as it happened with 5G and semiconductor manufacturers. He also pointed out many financial institutions in the US, including JPMorgan, Visa and Mastercard, are internally working on crypto products, suggesting crypto is here to stay.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Read also:
Please describe the error
Close