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Coinbase CEO Brian Armstrong Says Next SEC Chair Should Apologize For The ‘Damage Done To The Country’ By ‘Frivolous’ Lawsuits

Posted On October 29, 2024

Coinbase Inc. (NASDAQ:COIN) CEO Brian Armstrong on Tuesday expressed that the next head of the U.S. Securities and Exchange Commission (SEC) should issue a public apology to Americans for the harm the agency has inflicted on the crypto sector.

What Happened: Armstrong highlighted a series of conflicting statements made by the SEC over the years, criticizing the agency’s inconsistent positions on matters such as whether digital assets, including Bitcoin (CRYPTO: BTC), qualify as securities, and if the SEC has the authority to regulate crypto exchanges.

Armstrong argued that the SEC’s approach has caused confusion and undermined trust in regulatory clarity for digital assets.

Armstrong proposed that the incoming SEC chair should not only apologize but also drop the “frivolous” …

Full story available on Benzinga.com

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