In a direct critique of the SEC’s handling of crypto regulation, Coinbase CEO Brian Armstrong took to X to call for reform, urging the next SEC chair to abandon what he calls “frivolous cases” and apologize to the public. Armstrong’s frustration centers on what he sees as inconsistent regulations that have stifled innovation and driven uncertainty across the crypto space.

📉 Armstrong vs. Gensler: A Tense Relationship

With the U.S. elections just days away, Armstrong’s comments bring attention to the SEC’s approach under Chair Gary Gensler. Armstrong emphasized that SEC actions have created widespread confusion, citing contradictory stances on digital assets over the years—from labeling them as securities to shifting to a broader regulatory framework. The rift between the SEC and crypto firms like Coinbase and Binance continues to widen, as both have faced legal battles over alleged regulatory breaches.

🔄 Future at the SEC: Could Trump Shake Up the Commission?

If Donald Trump wins the upcoming election, major changes could be on the horizon. Speculation is rising around Gensler’s potential removal, with rumored replacements like Dan Gallagher or Hester Pierce (“Crypto Mom”) who have advocated for clearer and more supportive crypto regulations. Armstrong’s call for accountability and reform hints at the crypto industry’s hope for a new direction under future leadership.

A Call for Trust Restoration

Armstrong’s message resonates with a growing sentiment across the industry—calling for regulatory clarity and a cooperative stance from the SEC. Will these changes finally bring the clarity the crypto sector needs?

📌 Disclaimer: This article is for informational purposes and does not serve as financial or legal advice.

#brianarmstrong #SECCryptoAccounting #cryptoregulation #CPI_BTC_Watch

As #bitcoin surpassed $100,000 for the first time in its 16-year history, influential figures in the cryptocurrency world, including Binance's former CEO #Changpeng.CZ.Zhao (CZ) and Coinbase CEO #BrianArmstrong , shared their perspectives on this milestone. Their reactions highlighted Bitcoin’s immense potential and the broader economic implications of its price surge.

𝐂𝐙'𝐬 𝐏𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞: 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐈𝐬 "𝐂𝐡𝐞𝐚𝐩𝐞𝐫" 𝐓𝐡𝐚𝐧 𝐄𝐯𝐞𝐫

Changpeng Zhao, who recently returned to Dubai after his legal challenges in the U.S., offered a unique viewpoint on Bitcoin’s rising value. While others congratulated him on his Bitcoin gains, CZ remained grounded, explaining, “I haven’t made much. I still hold the same amount of Bitcoin, but everything around me has become cheaper.” His comment underscores the deflationary impact Bitcoin could have on purchasing power, suggesting that, despite the soaring price of Bitcoin, other assets may seem more affordable in comparison.

𝐁𝐫𝐢𝐚𝐧 𝐀𝐫𝐦𝐬𝐭𝐫𝐨𝐧𝐠 𝐑𝐞𝐟𝐥𝐞𝐜𝐭𝐬 𝐨𝐧 𝐁𝐢𝐭𝐜𝐨𝐢𝐧’𝐬 𝐈𝐦𝐩𝐫𝐞𝐬𝐬𝐢𝐯𝐞 𝐆𝐫𝐨𝐰𝐭𝐡

Coinbase CEO Brian Armstrong also weighed in on Bitcoin’s incredible growth, drawing attention to its past performance. Reflecting on Bitcoin’s early days, Armstrong stated that if someone had invested in Bitcoin back in 2012, when Coinbase launched, their $100 investment would be worth over $1.5 million today. He contrasted this with the current state of traditional currency, which has seen its purchasing power eroded by inflation. Armstrong further emphasized Bitcoin’s status as the best-performing asset of the last decade, suggesting that the world is still in the early stages of its financial revolution. He called on nations, especially those battling inflation, to build Bitcoin reserves to protect their economic futures.

𝐀𝐬 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐬 𝐢𝐭𝐬 𝐮𝐧𝐩𝐫𝐞𝐜𝐞𝐝𝐞𝐧𝐭𝐞𝐝 𝐫𝐢𝐬𝐞, 𝐭𝐡𝐞𝐬𝐞 𝐜𝐨𝐦𝐦𝐞𝐧𝐭𝐬 𝐟𝐫𝐨𝐦 𝐤𝐞𝐲 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐟𝐢𝐠𝐮𝐫𝐞𝐬 𝐫𝐞𝐦𝐢𝐧𝐝 𝐮𝐬 𝐨𝐟 𝐢𝐭𝐬 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐫𝐨𝐥𝐞 𝐢𝐭 𝐩𝐥𝐚𝐲𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐞𝐜𝐨𝐧𝐨𝐦𝐲.
#CZ #coinbaseCeo

Coinbase CEO Brian Armstrong, at a Goldman Sachs conference, highlighted the potential of crypto for payments, emphasizing the efficiency of Coinbase's layer-2 Ethereum scaling solution, Base. This solution has reduced transaction times to under a second and fees to less than $0.01. Armstrong envisions a future where fast, cheap, and global payments enable new applications, such as microtransactions for social media interactions and more frequent payroll cycles. He compares the anticipated growth in crypto payments to the explosion in messaging volume following the reduction of costs, suggesting that reducing friction in payments could similarly increase adoption and activity.
#Coinbase #brianarmstrong