Coinbase CEO Brian Armstrong Predicts New Details On Crypto Regulation
Coinbase CEO, Brian Armstrong addresses the ways in which he assumes Bitcoin and other important cryptos will be regulated. Check out the latest reports below. As the online publication the Daily Hodl notes, Armstrong ha...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Coinbase CEO, Brian Armstrong addresses the ways in which he assumes Bitcoin and other important cryptos will be regulated. Check out the latest reports below.
As the online publication the Daily Hodl notes, Armstrong has a forecast for what the future regulatory landscape could look like for crypto.
During a new interview on the All-in Podcast, Armstrong says that the crypto industry will likely not be regulated solely by the U.S. Securities and Exchange Commission (SEC) because not all digital assets can be considered a security.
“Here’s what I’m realizing. Crypto is going to be many different things,” he began his message.
He continued and said: “It’s not just going to be one regulator doing it. Think about cryptocurrencies like Bitcoin. That’s pretty clearly a commodity. Or Ethereum. Many of these are commodities that probably should be regulated by the commodities [regulator], or the CFTC.”
He also explained that if people want to raise money for their company as security token, that should be regulated as a security by the SEC. Armstrong says that it would be great to have more clarity on that.
“Separately, there’s also some cryptocurrencies that are going to be currencies like stablecoins and maybe the Treasury should regulate those. Finally, there’s going to be cryptocurrencies that are none of the above. They’re artwork or something that probably shouldn’t even be regulated.”
Coinbase in the newsIt’s been revealed that one important crypto exchange Coinbase has announced that it is launching a beta version of its much-anticipated non-fungible token (NFT) marketplace.
The NFT scenery is growing with each passing day, and the popularity of this crypto sector is on the rise.
According to a new company blog post, the exchange stated that starting today, beta testers will be able to create a Coinbase NFT profile to buy, sell, and trade NFTs minted on Ethereum (ETH) using a crypto wallet.
The post Coinbase CEO Brian Armstrong Predicts New Details On Crypto Regulation first appeared on CryptoGazette - Cryptocurrency News.Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Coinbase (COIN) Misses Revenue Estimates as Users Fall, Armstrong Sets Up New Share Sales
Bitcoin Magazine Coinbase (COIN) Misses Revenue Estimates as Users Fall, Armstrong Sets Up New Share Sales Coinbase had a mixed th...
Crypto exchanges urge swift security upgrades after $6B Binance breach
The Binance breach highlights the urgent need for enhanced security in crypto exchanges, potentially leading to increased regulato...
Crypto exchanges tighten security after $6.3 billion Binance hack
The Binance hack underscores the urgent need for enhanced security and collaboration in the crypto industry as it integrates with...
Binance Hack Shows Why Offshore Exchanges Need US Oversight, CFTC Chair Says
Michael Selig said the record $6.4 billion theft shows why offshore exchanges should register with the CFTC and adopt U.S.-grade c...
Michael Saylor Sees Stronger Crypto Security After Binance’s $6.3 Billion Hack
Michael Saylor expects the crypto industry to strengthen security after Binance’s $6.3 billion hack. The Strategy executive chairm...
Tether-Backed FASE Foundation Targets Scams and Stablecoin Aid
TL;DR: Named founding stakeholders include Anchorage Digital, Bybit, Chainalysis, Payward, Opera and the Solana Foundation; the Un...