Brian Armstrong Says US Is Squandering Its Lead On Crypto As ‘Embarrassed’ Regulators Attempt Crackdown - The Daily Hodl

The Daily Hodl
The Daily Hodl

29 Jun 2023 8:00 PM

Coinbase chief executive Brian Armstrong thinks lawmakers in the United States are "squandering" crypto opportunities for the country because they're still shell-shocked from FTX's implosion last year....

  • Coinbase CEO Brian Armstrong believes that lawmakers in the US are missing out on crypto opportunities due to their fear of a repeat of FTX's collapse.
  • Armstrong points out that the US has fallen in economic freedom rankings, as per the Heritage Foundation's yearly list.
  • He argues that crypto is the best technology to increase economic freedom globally.
  • Armstrong suggests that sensible regulations are needed to protect consumers and prevent similar issues from occurring.

The sentiment of the article is generally negative towards lawmakers in the US for their cautious approach to crypto opportunities.

Go to publisher site

You May Ask

Why does Brian Armstrong think lawmakers in the US are squandering crypto opportunities?What evidence does Armstrong provide to support his claim about the US falling in economic freedom rankings?According to Armstrong, what is the solution to the US's squandering of its early lead in crypto?What was the role of Sam Bankman-Fried, the disgraced CEO of FTX, in the collapse of his crypto empire?How much money did Bankman-Fried reportedly donate to political campaigns, and what are the plans for returning some of those contributions?

Suggested Reads