coinbase CEO Brian Armstrong believes that the government legislature should step in and stop the US Securities and Exchange Commission (SEC) from taking the digital asset industry out of the country.
Brian Armstrong recently announced that Coinbase has 1.2 million Twitter followers. SEC He said he is pushing for a rulebook that offers regulatory clarity for crypto players in the US.
To the CEO of Coinbase, as we reported as Koinfinans.com according toRegulators must first enact policies and then implement them.
“We met with the SEC today. in the USA crypto- We will continue to push for a clear rulebook for regulation.
NEWS CONTINUES BELOWThe US cannot afford to lag behind this important technology to update the financial system.
It’s also important for regulators to set policy and THEN implement it. Before the rules are clarified, they should not be implemented. At this point, it looks like Congress will have to step in.”
NEWS CONTINUES BELOW
Armstrong also noted that Coinbase is determined to tackle the SEC’s approach to sanctions against major crypto players without providing a clear set of rules they can follow. says.
“I spent the day in DC meeting with members of Congress. For many reasons, such as consumer protection, national security, economic growth, we need regulatory clarity for central players in crypto in the US. The SEC has done untold harm to America with its policy of regulation through enforcement. We will fight to fix it.”
Earlier this week, Armstrong met with MP Andrew Griffith, the UK’s economic secretary for the Treasury. The crypto exchange seems to be eyeing the UK amid regulatory uncertainty in the US.
Last month, the U.S. Securities and Exchange Commission (SEC) sent Coinbase a Wells Notice, saying it had made a “preliminary ruling” recommending a sanction action be brought against the crypto exchange for allegedly violating the regulator’s securities laws.