Coinbase CEO on crypto regulation

    por Evira: Crypto

    Coinbase CEO Brian Armstrong argues that major banks are resisting crypto adoption to maintain their dominance.

    Transcrição (en)

    got the genius act passed into law, which actually did enable stable coin rewards to happen. You know, the banks had their own concerns and we reached a good outcome in the genius act. And now the banks really are coming and trying to undermine the president's crypto agenda. I mean, these are the same banks that, you know, debanked his him and his family, right? And they want to come in and say that Americans should not be able to actually earn more money on their money. They're trying to protect their own profit margins, taking money out of the, you know, PEOPLE ARE PUTTING IT INTO THE POCKETS OF HARD-WORKING AVERAGE AMERICANS AND PUTTING IT INTO THE COFFERS OF THESE BIG BANKS THAT ARE HITTING RECORD PROFITS. SO OUR VIEW IS THAT THERE SHOULD BE A LEVEL PLAYING FIELD WHERE BANKS AND CRYPTO COMPANIES CAN LEAN INTO STABLE COIN LEGISLATION AS AN OPPORTUNITY AND THAT