Coinbase CEO Brian Armstrong Wants Congress To Bring Clarity On Whether Tokens Are Securities Or Commodities, Wants Stablecoin Regulation To Drive Crypto Investments
Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong underscored the need for comprehensive legislation regarding token classification and stablecoins to drive capital flows into the cryptocurrency market on Thursday.
What Happened: During the company’s fourth-quarter 2024 earnings call, Armstrong pinpointed crucial areas that require legislative attention.
Firstly, he stressed token classification, which should answer the “age-old question” of which are commodities, securities, payment or currency stablecoins, and unregulated entities like non-fungible tokens or collectibles.
“And so if we can get that token classification clarified in new legislation or if Congress can really do that, I think it would open up huge pools of capital to flow into …
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