Coinbase CEO Brian Armstrong stated that the US elections that will take place in 2024 will play a critical role in the regulation of cryptocurrencies.
Brian Armstrong on June 22 new YorkSpeaking at a conference in its connection to the US elections. And Coinbase’s location mentioned.
Arguing that the US presidential election, which will take place in 2024, will be a turning point for the crypto money industry, Armstrong said, US Securities and Exchange Commission (SEC) He also referred to the lawsuit filed by
Obviously, the 2024 elections are also a factor here. Being anti-crypto isn’t politically popular right now, and we’ll see potential shifts, whether it’s in the administration, the parties, or the head of the SEC.
In line with the latest developments, the US Congress especially republican section While taking a pro-crypto stance ruling Democratic party takes a more oppressive attitude.
Coinbase will be a “super app”
In the continuation of Armstrong’s statement, Coinbase’s end of the day Web3 that helps the economy “super app” He said he would become. Coinbase’s super app title decentralized applications Stating that he will win with his integration with (dApps) and constructive steps against the Web3 industry, the CEO made the following statements in his statement:
We want to turn Coinbase into a super app. But in essence, it needs to be based on decentralized applications. At the end of the day, our app will be usable not only for cryptocurrencies but also for social interactions.
The SEC’s litigation process securities or commodities? Arguing that it would help with the clarity of what it is, the CEO preferred to look at it from an event maker perspective.
Coinbase case is different
Also by the SEC Lawsuits against Binance and Coinbase Emphasizing that they are different from each other, the CEO said that the Binance case criminal matters featured:
There are differences here, especially in criminal matters. There are allegations of illegal trading, mixing of funds, and personal naming of executives and CEOs in that case. None of this is out of the question at Coinbase.
Armstrong also touched upon the differences between the two cases in a previous speech and positioned Coinbase separately.