in the USA cryptocurrency While the regulation studies for the sector are still being discussed, the country’s largest crypto exchange Brain Armstrong, CEO of CoinbaseNew comments came from.
Criticizing US regulators in his posts on his Twitter account, Brian Armstrong claimed that the regulatory atmosphere in the US produces toxicity for the emerging crypto industry.
Noting that the approach used by US regulators to oversee the crypto industry is discouraging, Armstrong said. cryptocurrency and blockchain He said he was concerned about his technology moving overseas.
Noting that the US missed its chance to become a global leader in certain emerging technologies in the past, Armstrong cited 5G as an example.
Armstrong also said that the US’s crypto technology “offshore” He pointed out that it should not allow crypto and blockchain technology to move abroad.
“The US missed its chance to become a global leader in emerging technologies – 5G – in the past. however, it cannot afford to be offshore in the cryptocurrency sector.
In this context, each country should also ensure that its regulatory approaches do not force the industry to go abroad.
Forced regulation has a terrifying deterrent effect. We have seen a large number of crypto talent, asset issuers and startups take to the high seas.”
Cryptocurrency and blockchain Noting that technology is important to the US, Brian Armstrong called for a reasonable regulatory framework for the US crypto industry.
Finally, the famous CEO, who stated that Coinbase is a global company, said:
“Coinbase is a global company, but we are in the USA.
We will fight to ensure that cryptocurrency and blockchain technology succeed for everyone here. This is very important for America and the free world.”
One of the strongest policy arguments for cryptocurrency is that it’s a national security issue. The US missed on semiconductors and 5g which is now largely manufactured offshore. It can’t afford to have cryptocurrency go offshore as well. (same for every country btw)
— Brian Armstrong (@brian_armstrong) September 20, 2022
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