Coinbase’s Brian Armstrong Notes Congress Has To Step In Following Harm To US Investors

Coinbases’s CEO Brian Armstrong believes the legislative branch of the government has to step in and stop the US SEC from driving the crypto industry out of the country. Check out more details about the issue below.

Armstrong said that Coinbase has met with the SEC in order o push for a rule book that offers regulatory clarity for crypto players in the USA.

Coinbase’s CEO noted that the regulatory bodies have to enact the policies before they enforce them.

“Met with the SEC today. We’ll continue pushing for a clear rule book in the US for crypto regulations.

The US can’t afford to fall behind on this important technology to update the financial system.

Also important for regulators to set policy and THEN enforce it. Not start with enforcement before there are clear rules. At this point seems like Congress will need to step in.”

He continued and stated the following:

Spent the day in DC meeting with members of congress. We need regulatory clarity in the U.S. for the centralized players in crypto for many reasons – consumer protection, national security, economic growth, etc.

The SEC has caused untold harm to America with its policy of… pic.twitter.com/eV13Ny66db

— Brian Armstrong (@brian_armstrong) April 20, 2023

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