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Coinbase CEO Urges Congress to Pass Clear Crypto Legislation

The CEO of the Nasdaq-listed cryptocurrency exchange Coinbase (Nasdaq: COIN), Brian Armstrong, has called on Congress to pass clear crypto legislation. He tweeted Wednesday:

America risks losing its status as a financial hub long term, with no clear regs on crypto, and a hostile environment from regulators. Congress should act soon to pass clear legislation.

“Crypto is open to everyone in the world and others are leading,” he added, mentioning the EU, the U.K., and Hong Kong.

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