According to ChainCatcher, Coinbase CEO Brian Armstrong once again defended Coinbase's collateral product in an interview with Bloomberg TV, saying that it is not a security, and reiterated that the company is ready to defend it in court if necessary, although they prefer to cooperate with regulators.
Armstrong also expressed support for the overall concept of stablecoins, but pointed out that not all stablecoins have passed the company's audit. In addition, he also mentioned that his top priority this year is to promote and change the policy environment. The United States lags behind in formulating regulatory actions, while other parts of the world are adopting cryptocurrencies. For example, Singapore, Hong Kong, London, and the European Union have just passed comprehensive cryptocurrency legislation. The United States needs a clear rulebook. (Bloomberg)