“They Are Trying To KILL Crypto…” Coinbase CEO Brian Armstrong on SEC Lawsuit & Prediction
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In the past few weeks, Bitcoin, Ethereum, and other digital currencies have been through a roller coaster ride. This is because the SEC and US regulators are targeting the two biggest cryptocurrency exchanges in the world – Binance and Coinbase – with legal action.
The authorities are saying that Coinbase has been involved in trading unregistered securities, which means they were selling cryptocurrencies without proper approval.
The charges against Binance are even graver. They’re being accused of money laundering, fraud, and trading unregistered securities. These are just a few of the lawsuits against CEO CZ and Binance.
Banks all around the world are reacting to these charges. Many have cut ties with Binance, Coinbase, & cryptocurrency transactions in general taking away key on & off ramps into the crypto ecosystem. This has hit crypto prices hard, as people worry about what’s coming next.
One man who is more angry than most, is Coinbase CEO Brain Armstrong, who has been all but begging the SEC and US regulators to provide regulatory clarity for the crypto industry and how exchanges should navigate combining the complex world of cryptocurrency with the traditional financial world.
Perhaps the most frustrating aspect to this entire situation is that the SEC allowed Coinbase to go public in an IPO in 2021, essentially green lighting their business activities. However now are changing their tune and retroactively punishing exchanges for the way they have been doing business.
The U.S is completely fumbling the innovation and opportunities that the crypto market can bring to an economy, a move cemented by Brians comments that Coinbase is looking at relocating their headquarters and operations to England, which is so far being more much crypto friendly and transparent in their law making.
About Brian Armstrong: Brian Armstrong is an American business executive, billionaire and investor who is CEO of cryptocurrency platform Coinbase. He received media attention for his policy of keeping the workplace free of political activism.
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19 Comments
Brian Armstrong sounds like he is capable of saving Crypto 🙌
White petition to change sec’s chairman
coinbase is in on it, along with hood. This is an organized attack on an outsider who has the biggest marketshare (binance). Q4 well get ftx revamped and than you have 3 institutionalized brokers of decentralized currency. x
at the and of the day the fat man from BIS told that they have a tool to shut down whole crypto in case of creating denger for falling USD…. on world and you CEO of Coinbase should know it: Veritaseum…. and court case made by Reggie… you are tosted… already
I'm no longer waiting for the GRANT LOAN because I acquire $29,600 every 10 days recently
Hello! What is the best way to make money investing in crypto?
I really appreciate the dedication in each video you post😇. Despite the dip in crypto, I still thank you for the level-headed financial advice. I started crypto investment with $4,345 and since following you for few weeks now, I’ve gotten $18,539 in my portfolio. Thanks so much Mrs Catherine Gauthier.
< While bitcoin’s wild price movements might seem random, they are often driven by the same fundamental catalysts as in the traditional markets. Some claim bitcoin is impervious to shocks that affect global finance; it’s a hedge against things like inflation and a sure bet against tides of uncertainty. Moves within traditional finance can boost or burn bitcoin’s price because they determine how easy it is for financial epicenters like Wall Street to invest in bitcoin…Keeping all this in mind, it is important to trade with the right strategy when going into the crypto world. Gibson Pearson has been doing a great job reviewing all chart, trade and techniques on BTC which has enhance the growth of my portfolio to 17.6 BTC lately…..
I find it fascinating how crypto prices can fluctuate so drastically in such a short amount of time. It's a testament to the volatility of the market and the unpredictable of investor sentiment. However, i believe that these fluctuation are simple part of the journey towards mainstream adoption and eventual stabilization. Despite the risk, i remain bullish on the potential of crypto currencies to disrupt traditional finance and usher in a new era of decentralized transactions. Recent volatility makes it impossible to predict bullish or bearish trends. And trading success depends on the pattern and signal source.
Actually Coinbase took money out of my bank account without my knowledge, I'm wondering how many others they scammed?
These are scary times for new investors but the best thing you can do is not to make decisions based on emotions. This could actually be a good time to buy more of your high conviction stocks or crypto on a discount. Wealth is created during bear markets, not bull markets. If your portfolio is really effecting your mental health then delete the app and go for a walk. Let the market do its thing and have a long time horizon. I buy and just trade long term more than ever, I have made over 17` btc from trading with Mrs. Kimora Ashley in few weeks this is one of the best medium to backup your assets in case it goes bearish..
The truth is that we have been signing our legal rights away year after year after year for the last 20 years here in the U.S. Politicians distract the public via "News Outlets" and the likes with topics such as Reliigion, Womens rights, etc etc. All the while, raising taxes, making it easier for the rich to pay less and less taxes, unless you are in real estate then it actually is legal to barely pay taxes, and now they are trying to control our money. The U.S. government does not want crypto because they want to implement their own version of digital currency, just like China has. Once that happens, they can freeze or give your money an expiration date, yes China actually gave their citizens a six months expiration date on their money so they could focerably stimulate their economy. On top of that, they will be able to see every transaction and item/service you pay for. This is not freedom, it is Totalitarianism. I have zero faith in the U.S. dollar, let alone our government financial system. You better bet I look for better ways to save my money, such as Crypto, Gold, Silver etc etc. The world is getting a lead on every new emerging tech, Solar, crypto, A.I., Electric cars, while the U.S. wants to keep it's head in the sand and pretend it's still the 80's.
I can’t tell incompetence from malevolence in the destruction of the US at this point anymore.
It is clear BTC has proved it's use case during this uncertain times. We need more experts like Mr Rolando Eric , who educate people on the evolution of the market so
people avoid common mistakes. so they don’t walk out of the market feeling frustrated! Keep up the great work! Raised over 24.6 BTC when I started at 2.3 BTC in just few
weeks implementing Rolando Eric daily trading signals and tips.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Katherine Flores.
At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.
I'm new to all this, feels overwhelming but I won't give up on learning this. Thanks for you clear explanation from the very beginning!
Bless coinbase
Everything crashing and most people still think that investing in cryptocurrencies is just buying and holding until it rises? but the best investments on cryptocurrency is by putting it on trading and forextrading….