Coinbase (NASDAQ:COIN) CEO Brian Armstrong has weighed in on the ongoing dispute between his company and the Securities and Exchange Commission (SEC) and suggested that the resolution may involve a change in SEC leadership.
What Happened: In a Yahoo interview on Friday with Brian Sozzi, Armstrong said that the SEC has adopted a hostile and enforcement-focused approach towards cryptocurrencies, choosing regulation through enforcement rather than engaging in the required rulemaking process.
On the removal of Gary Gensler from SEC Chair, Armstrong said “Maybe” that will happen in 2024, but “that would certainly help."
Will Musk Embrace DOGE On X? Ask industry experts directly at Benzinga’s Future of Digital Assets event happening in NYC on Nov. 14, 2023. Be a part of the discussions where you won’t just be a passive spectator. Don’t let this chance slip away – secure early bird discounted tickets now!
Maintaining Strong Relationships Despite Differences
“I do think the leadership there has taken a very hostile view towards crypto … regulation by ...