Coinbase CEO Brian Armstrong has called on the new chairman of the U.S. Securities and Exchange Commission (SEC) to address the agency’s inconsistencies in its approach to digital assets.

- Armstrong’s criticism stems from the SEC’s shifting stances over the years, which have caused frustration in the community.

- Armstrong highlighted several examples of the SEC’s contradictory statements, such as in 2018 declaring digital assets “not securities,” then in 2021 saying they “represent investment contracts.”

- In 2024, the SEC changed its stance several times in a matter of months.

Armstrong called for the “frivolous” cases to be dropped and for the SEC to apologize to the American people.

- The comments come at a crucial time ahead of the U.S. presidential election.

- Trump has vowed to end Gensler’s term if re-elected and appoint a chairman who supports innovation.

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