Odaily Planet Daily News In a recent interview, Coinbase CEO Brian Armstrong talked about the issue of determined global expansion and said that the vague SEC regulations are ignoring Americans’ growing interest in digital currencies.
Armstrong said the company has moved towards establishing services in international markets in G20 countries. Additionally, Armstrong lamented the regulatory hurdles faced by the cryptocurrency community. He believes that the regulatory review by the U.S. SEC has seriously affected the U.S. financial and technology industries, leading to a decline in its leading position. This strict rule forced cryptocurrency trading platforms, including Coinbase, to move overseas and leave the United States.
Regarding the Bitcoin spot ETF, Armstrong said that the ETF may bring benefits to Coinbase and will also become a new source of capital for the encryption ecosystem. (Coin Edition)