Brian Armstrong Demands ‘Level Playing Field’ In Congressional Laws — Coinbase CEO Accuses Banks Of Stifling Competition
Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong urged Congress on Thursday to enact laws ensuring fair competition, following the postponement of the cryptocurrency market structure bill.
Armstrong Pushes For Stablecoin Rewards
Speaking to CNBC, Armstrong advocated for a “level playing field” while enacting legislation in Congress.
“This is allowed, this is not allowed. Now, all American companies compete. Try to build the best products and services.” That’s great. What’s not great is if the banks can put their thumb on the scale to try to kill some of their competition,” Armstrong argued.
He emphasized the importance of consumers’ rights to earn 3.8% on their stablecoins.
“People in America should be able to earn more money on their money,” the cryptocurrency mogul added. “And so …
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