Coinbase CEO: Banks are trying to ‘kill the competition’ with crypto regulation
Coinbase CEO Brian Armstrong discusses withdrawing support for the Senate’s cryptocurrency bill on ‘Mornings with Maria.’
Coinbase CEO Brian Armstrong revealed why the cryptocurrency giant chose to withdraw support for a key Senate crypto bill during an interview on “Mornings with Maria.”
“It just felt deeply unfair to me that one industry [banks] would come in and get to do regulatory capture to ban their competition,” Armstrong told FOX Business. “They should have to compete on the level playing field, and I genuinely believe that.”
Armstrong told FOX Business anchor Maria Bartiromo “much of the industry” shares Coinbase’s concerns with the legislation, saying he felt an obligation to stand up for customers, whom he says are…
