Coinbase CEO Brian Armstrong is entering a battle with regulators after the SEC sued his company Tuesday. The SEC alleges Coinbase broke the rules by listing crypto tokens subject to securities laws.
He sat down with The Wall Street Journal to discuss the situation, saying he hopes the lawsuit will bring more clarity to the industry.
0:00 Armstrong on if Coinbase is breaking the law
1:31 How Armstrong defines a security
2:39 Are all of Coinbase’s listings crypto commodities?
3:41 Did Coinbase rush its analysis for new crypto listings?
4:34 Armstrong’s relationship with the SEC chairman
5:03 Armstrong’s dream regulatory structure for crypto
#Coinbase #Crypto #WSJ
36 Comments
Very biased interviewer
We love u Brian. Coinbase is quite literally protecting the financial future of my Gen, GenZ, and keeping innovation in USA🇺🇸
I haven't used coinbase since they delisted XRP.
Information for you – today, 06/08/2023, Zelensky's counteroffensive failed. The United States, Great Britain came up with a counteroffensive plan. Initially, launch attacks in Bakhmut and the Belgorod region (Russian Federation) and blow up the dam of the Kakhovka HPP to divert attention, and then launch a full-scale attack in the Zaporozhye direction, Melitopol and Mariupol using armored vehicles transferred from the USA and Europe. But at the moment, 70% of the armored vehicles of the Armed Forces of Ukraine have been destroyed, there is already a video of the destroyed Leopards made in Germany. The infantry, those who survived, retreated to their original lines. The question is – and it was worth it to let so many people die and create an ecological disaster that happened after the dam on the Kakhovka reservoir was blown up. I understand that you don't care and your politicians and military corporations enrich themselves on the blood of people, but maybe that's enough???!!
Our fearless leader.
Gary Gensler can gargle my gonads.
I think Gary didn't meet with Brain because he is not his type. He liked Sam Bankman more. True love story.
The problem is that SEC knows exactly how much money Coinbase has to fight from. That's a dirty fight. And please, stop cutting him off.
Obvious what side WSJ are on. It ain’t Crypto
Way to go Brian!
quite impressive how coinbase's CEO keeps a cool head. the journalist was quite aggressive.
Crypto is a clear cut security, there should be no misinterpretation. It is used only for speculation and criminal schemes. I had it as payment method in my store, in 3 years NOBODY EVER used it as payment. Crypto has no utility around it besides illegal criminal schemes
Everything but Bitcoin is an unregistered security. Brian is untruthful to say otherwise. Most coins are pump and dump schemes backed by VCs at the expense of retail investors. Eth is not a commodity. There was a 70% premine and it is controlled by the whales via POS (think Lubin and Vitalik)
What a painful interviewer to listen to, hope he sees this 😊
interrupted so many times… 🤦♂
Brian armstrong is right on. The SEC and the big global interest industry will lose. Blockchain tech will bring financial freedom and sovereignty.
Buying more Bitcoin and Ethereum !!
Brian should run for president !
WSJ interviewer seems to have an agenda. Doesn't want to hear the answers to his own questions. Poor reporting/interviewing by the WSJ. Brian Armstrong was composed and factual/common sense in his answers.
We need a restructuring of the corrupt SEC! Clearly there’s an agenda
Interviewer sucks
We the people support Coinbase and Binance, because crypto is for the people and goverment cannot control it!
Armstrong is a hero of our industry ❤
post the long interview unedited
SEC: Coinbase is an unregulated securities exchange.
Also the SEC: We will let the Department of Justice sell its confiscated Bitcoin on Coinbase.
😂😂😂
He needs to get with the Ripple legal team. Ripple's been fighting the SEC for 2 1/2 years now.
This guy been fighting a Barber his whole life.
there is zero doubt that he and his other exchange buddies have been selling unregistered securities. they cant make enough money on btc alone. their only source of meaningful income is altcoins and most of these altcoins, in fact all of them, are securities. if there was an active lawsuit between SEC and XRP he should have stopped and thought was it ok for him to list all these altcoins essentially similar to XRP. he broke the law. he can get support of all CRYPTO BROS but that does not change the reality
SBF got multiple face 2 face meetings with Gary!
Is his exchange located in the US ?
If yes he's screwed.
The big market makers are not going to loose their grip on the market.
Gensler is not here to protect investors, he's here to protect the interests of big banks. And why Brian keeps getting cut on this video?
I use coinbase everyday. They don't just do stocks. My weekly paycheck gets d.deposited every week to coinbase. I use it how I want. Buy some stocks, make a few honest dollars. Cash out. Pay some monthly bills. No harm done. I think Brian Armstrong should let me speak for the people of coinbase.
Hi Brian, you should fight and 🏆 you’re right.
Keep fighting the good fight Brian!!!
RATIO THIS!!!
Eu have the Mica laws, UAe has crypto laws, Even China through Hong Kong now trades crypto but US- decides to kick out crypto(which can be a used as a means of exchange) to countries already looking to de-dollarise. Don't be the architect of your own downfall, US.