Brian Armstrong: CLARITY Act failure could bring benefits for Coinbase
- Coinbase CEO Brian Armstrong believes that the failure of the CLARITY Act could benefit this exchange by limiting competition from major Wall Street firms in the crypto market.
- Armstrong acknowledges that while regulatory clarity could attract traditional financial institutions, it would also increase competition for Coinbase.
- With the bill stalled, Armstrong said Coinbase will focus on working with the SEC and CFTC to develop regulations for the industry, while also assessing that the current situation is more open to the company.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
- Coinbase CEO Brian Armstrong believes that the failure of the CLARITY Act could benefit this exchange by limiting competition from major Wall Street firms in the crypto market.
- Armstrong acknowledges that while regulatory clarity could attract traditional financial institutions, it would also increase competition for Coinbase.
- With the bill stalled, Armstrong said Coinbase will focus on working with the SEC and CFTC to develop regulations for the industry, while also assessing that the current situation is more open to the company.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
