Coinbase CEO Brian Armstrong: Biden Administration Hints At Positive Future For Crypto

It seems that crypto will eventually have a great future, at least in the US. Check out the latest reports about he digital assets.

Coinbase CEO Brian Armstrong has recently made sure to say that he feels optimistic about the crypto regulatory landscape in the United States.

While speaking at a Milken Institute conference earlier this month, Armstrong acknowledged there could be more crypto regulatory clarity overall. On the other hand, he made it pretty clear that he still thinks the US is headed in the right direction.

“I think there’s cause for optimism though as well, and one thing is that in Biden’s recent executive order, they did ask for various departments of the government in the US to come back and say, ‘We need clarity on this industry.’”

He continued and said the following:

“But it was very positive to see them also mention that we need to protect the innovation potential of this technology because this represents a huge opportunity where we want to preserve this in the United States. That was really positive.”

It’s important to note the fact that he believes that the US lawmakers need some additional education on crypto, but he says overall support for the space is growing among legislators.

“Another really positive thing I’ve seen is that when I do spend time in DC, I think this is a very bipartisan issue. There are people on both sides of the aisle who are very pro-crypto, and I would even say the majority of people who I meet within Congress now – 50% or more are pro-crypto.”

On the other hand, it’s been noted that they believe this is a net good for society.

“Yes, it needs to be regulated, but… it’s actually getting harder and harder to meet a true crypto skeptic in DC.”

Just in case you don’t know, back in March, US President Joe Biden signed a sweeping executive order designed to ensure the US leads the way in crypto innovation.