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