April 22 (Cointime) - Coinbase CEO, Brian Armstrong, said that he has met with the U.S. Securities and Exchange Commission (SEC) today to discuss the need for clear regulations for cryptocurrencies in the US.
Armstrong emphasized the importance of the US not falling behind on this key technology for updating the financial system. "The U.S. can’t afford to fall behind on this important technology to update the financial system," Armstrong said.
Armstrong believes that congress will need to step in to provide the necessary clarity on regulations for the crypto industry.
Met with the SEC today. We’ll continue pushing for a clear rule book in the U.S. for crypto regs.
— Brian Armstrong (@brian_armstrong) April 21, 2023
The U.S. can’t afford to fall behind on this important technology to update the financial system.
Also important for regulators to set policy and THEN enforce it. Not start with… pic.twitter.com/EaPD7wDbSx
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