ChainCatcher news, according to Yahoo Finance, Coinbase CEO Brian Armstrong said that one of the problems facing the encryption industry is the lack of clear supervision. The industry can gain clarity in a number of ways, such as through the courts, Congress and the U.S. Commodity Futures Trading Commission ( CFTC ).

He also thinks there could be a new SEC chairman in 2024. It would be good for the crypto industry if Gary Gensler no longer serves as SEC chairman. Speaking of 2024 campaigns, cryptocurrencies could become a “hot topic” in the White House race, with Coinbase looking to donate to pro-crypto presidential candidates.