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Coinbase CEO Says the SEC Risks Putting US Financial System Behind Other Countries

Recent actions by the Securities and Exchange Commission is putting U.S. financial leadership at risk, Coinbase CEO Brian Armstrong said during a Twitter live chat on Thursday. 

Compared with countries like the UK, Brazil and Singapore, the U.S is the "farthest behind" in areas such as legislation and banking rails, Armstrong said. If action isn't taken, it could get worse.

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