Coinbase CEO Brian Armstrong Says Crypto Regulation Is a National Security Issue – Here’s Why
Coinbase CEO Brian Armstrong believes crypto regulation is a matter of national security for the United States.
Armstrong says it is critical for the US to adopt crypto regulations that promote domestic innovation.
“US missed semiconductors and 5G which is now largely produced offshore. It can’t afford to have cryptocurrency go offshore too (same for all countries btw).
Regulation by enforcement has a terrible chilling effect, and rhetoric is important – we’ve already seen a huge amount of crypto talent, asset issuers and startups go offshore.
Coinbase is a global company, but we are based here in the US and will fight to make sure crypto succeeds here for everyone. It is too important to America and the free world.”
Coinbase has recently taken a more aggressive approach when it comes to informing users about where US politicians stand on crypto-related issues.
The digital asset exchange recently integrated a crypto education initiative into its app that allows customers to see which national lawmakers are crypto-friendly based on public statements they have made. It also allows them to register to vote and learn about local town hall events.
Armstrong says Coinbase plans to take an active part in the election process.
“Over time, we want to help pro-crypto candidates solicit donations from the crypto community (in crypto). We will also expand to get more geographic coverage in global elections, and add data on various candidates running for office (not only current elected representative).”
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