Coinbase
CEO Draws The
Line:
No Ties
With Companies Employing Crypto Adversaries
Coinbase CEO Draws The Line: No Ties With Companies Employing Crypto
Adversaries
by Christian Encila
2 hours ago
in Crypto News
0
With a second Donald Trump administration and friendlier crypto regulations on
the horizon, many crypto investors and personalities have drawn their lines.
Brian Armstrong , Coinbase CEO, said it’s time to work only with companies and
personalities with the same commitment to crypto and the blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн.
Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin And Ether ETFs Set Record $7.6 Billion Inflows Amid
Trump’s Crypto Push
In a Twitter• Объект организация » Организации по алфавиту » Организации на Tw » Twitter, Inc./X post on December 3rd, Armstrong shared that if their partner
law firms decided to hire or work with individuals who committed “bad deeds”
in the past administration, Coinbase would cease to be a client.
We ve let all the law firms we work with know, that if they hire anyone
who committed these bad deeds in the (soon to be) prior administration, we
will no longer be a client of theirs.
Senior partners at these law firms seem unaware of the crypto industry s
position on this.… https://t.co/k8R6NtfTV1 pic.twitter.com/RT0k408i9f
— Brian Armstrong (@brian_armstrong) December 3, 2024
Armstrong Directs Comment To Milbank
Armstrong’s latest social media post is in response to Milbank’s decision to
hire Gurbir S. Grewal, the current Division and Enforcement Director of the
Securities and Exchange Commission (SEC).
Milbank is a top international law firm that handles complex and high-profile
cases and maintains 12 offices in New York and Washington, D.C. Armstrong
stated that the company will no longer work with the top law firm. According
to Armstrong, Grewal tried to end the country’s crypto industry by not
publishing clear laws.
Total crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта cap currently at $3.3 trillion. Chart: TradingView
Crypto Landscape Lacks Clarity
In the lengthy post, Armstrong explained why he was frustrated with Grewal and
decided not to work with Milbank again. For Armstrong, it’s an ethical
violation to stifle and end an industry by not publishing clear rules and
regulations. He also blasted officials for saying they’re just following
orders at the agency. Armstrong stated that any individual can always leave
the agency, as other good people have done.
Brian Armstrong, Coinbase CEO. Image: Reuters
Coinbase’s CEO also clarified that he’s against canceling people. But he
warned that the crypto industry should not benefit from money after allowing
an abuse. He then warned all firms that by hiring these people, they would
lose Coinbase as a client.
Related Reading: Cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта Tax Postponed! South Korea Extends Breathing
Room To 2027
Coinbase Looks Ahead
Coinbase remains committed to its roadmap. The company recently introduced its
Coinbase 50 Index or Coin50, a benchmark that tracks the Top 50
cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта by market capitalization. It’s the crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта’s version of
the S&P 500• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Биржи » Биржевые индексы » S&P 500, and it’s also weighted by size and balanced every quarter.
For its European operations, Coinbase is preparing for the Markets in Crypto
Assets (MiCA) regulations. To prepare, the company has ended its USDC Rewards
program for compliance.
Also, Coinbase is cleaning up its house by removing non-compliant stablecoins.
The company has become active in calling for friendly regulations, with
Armstrong calling the current US Congress the most pro-blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн Congress in
the country’s history.
Featured image from Reuters, chart from TradingView