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☆ Coinbase aiming to be people's 'primary financial account,' says CEO Brian Armstrong
▼ + stars: | 2024-06-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase aiming to be people's 'primary financial account,' says CEO Brian ArmstrongCNBC's Kate Rooney sits down with Coinbase CEO Brian Armstrong at the 2024 Crypto Summit to discuss the state of digital assets, new features from Coinbase, and more.

Persons: Brian Armstrong, Kate Rooney Locations: Coinbase

Here's the state of play globally for crypto regulation and enforcement in 2023 — and a look at what to expect in 2024. "However, much of their work has involved providing guidance to the industry through enforcement actions," continued Levin. Crypto market participants nevertheless hope that the spate of legal challenges brought to crypto companies in 2023 will bring clarity in the form of new regulations. The U.S.'s dominant role in global finance and its focus on consumer protection plays a crucial role in its leading position in crypto regulation enforcement. The region has been increasingly warming to crypto assets, despite a broader anti-crypto push from China, which banned bitcoin trading and mining in 2021.

Persons: Al Drago, Binance, Sam Bankman, Renato Mariotti, Mariotti, Richard Levin, Nelson Mullins Riley, Levin, ada, Changpeng Zhao, Damian Williams, Brian Armstrong, Armstrong, Alyse Killeen, Scarborough's Levin, FinCEN, Killeen, Diem, USDC, Braden Perry, it's, Kennyhertz Perry, Perry, Bafin Organizations: U.S . Securities, Exchange Commission, Bloomberg, Getty, Regulators, Securities and Exchange Commission, U.S, Alameda Research, U.S . Justice Department's Securities, Commodities, CNBC, Capitol, SEC, Futures Trading Commission, Department of Justice, Scarborough, CFTC, Protocol Labs, Southern, of, Stillmark, Meta, Visa, Mastercard, U.S ., European, IRS, European Union, EU, France's Financial Markets Authority, AMF, Treasury, Monetary Authority of, Three Arrows, Terra Labs, Terra, Hong Kong Securities, Futures Commission, SFC, OSL Locations: Washington, Europe, Asia, U.S, Alameda, of New York, European, Crypto, Ireland, Germany, France, Italy, Netherlands, Singapore, Dubai, Hong Kong, Monetary Authority of Singapore, China, East, Africa

☆ CNBC Daily Open: Is record Black Friday sales spike a false dawn?
▼ + stars: | 2023-11-28 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Mixed movesAsia-Pacific markets were mixed on Tuesday after U.S. stocks fell the day before as traders took a breather following a four-week winning streak for major averages. Shein IPOFast-fashion retailer Shein has confidentially filed to go public in the U.S. and is moving ahead with its long-awaited IPO, CNBC has learned. The Nasdaq last week launched new two-week options contracts that expire on Wednesdays based on a series of exchange-traded products.

Persons: Korea's KOSPI, Shein, Binance, Brian Armstrong, Armstrong, Morgan Stanley — Organizations: CNBC, Nikkei, Nasdaq, U.S . Department of Justice, U.S, Bank Locations: Asia, Pacific, Qatar, Israel, U.S, China, Iran, India

☆ CNBC Daily Open: Is record Black Friday sales surge a false dawn?
▼ + stars: | 2023-11-28 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Shein IPOFast-fashion retailer Shein has confidentially filed to go public in the U.S. and is moving ahead with its long-awaited IPO, CNBC has learned. The last danceTikTok parent ByteDance is cutting hundreds of jobs in its gaming division, Nuverse, a person familiar with the matter told CNBC. CNBC Pro identifies where to get the biggest bang for your idle buck as 2023 winds down.

Persons: Shein, Binance, Brian Armstrong, Armstrong, Tencent, Nuverse, Haitham Al Ghais Organizations: National Retail Federation, CNBC, Dow Jones, Nasdaq, U.S . Department of Justice, U.S, Bank, of Petroleum, United Nations, United Arab, Federal Locations: New York, U.S, China, Iran, United Arab Emirates

☆ Coinbase CEO: Binance settlement means crypto can turn a page
▼ + stars: | 2023-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase CEO: Binance settlement means crypto can turn a pageThe crypto industry can finally "close the chapter" on a litany of scandals and problems after Binance was hit with a $4 billion settlement by the U.S. Department of Justice, Coinbase CEO Brian Armstrong said Monday.

Persons: Binance, Brian Armstrong Organizations: U.S . Department of Justice

☆ Coinbase CEO says crypto industry can turn the page after historic Binance settlement
▼ + stars: | 2023-11-27 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. The crypto industry can finally close the chapter on a litany of scandals and problems after Binance was hit with a historic settlement by the U.S. Department of Justice, Coinbase CEO Brian Armstrong said Monday. "There are many crypto companies that are helping build the crypto economy and change our financial system globally. Binance was hit by the U.S. Department of Justice with a $4 billion settlement last week, which saw its founder and CEO Changpeng Zhao step down and plead guilty to charges of money laundering violations. "It's true that there have been some small amount of illicit activity in crypto but it's actually less than 1% from what we've seen.

Persons: Brian Armstrong, Binance, Armstrong, CNBC's Joumanna, Changpeng Zhao, we've Organizations: Coinbase Global Inc, U.S . Department of Justice, U.S, Bank, CNBC Locations: New York, Iran

☆ Coinbase CEO on Binance: Good for the industry to turn the page, make sure we're following the law
▼ + stars: | 2023-11-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase CEO on Binance: Good for the industry to turn the page, make sure we're following the lawBrian Armstrong, Coinbase CEO, and CNBC's Kate Rooney to talk the criminal charges brought against Binance CEO, the regulatory future of the crypto space, and more.

Persons: Brian Armstrong, CNBC's Kate Rooney Organizations: Binance

☆ Coinbase CEO slams JPMorgan for banning crypto payments in UK, suggests government should act
▼ + stars: | 2023-09-29 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Coinbase CEO Brian Armstrong is unhappy with JPMorgan Chase's decision to block crypto-related transactions at its U.K. digital banking subsidiary, Chase UK. "I don't think that's OK. I don't think that's the rule of things in our society. Other British lenders have taken similar steps to bar crypto transactions, citing the risk of fraud. Examples include NatWest, which placed limits on the amount of cash that can be sent to crypto exchanges, and HSBC , which banned crypto purchases altogether.

Persons: Brian Armstrong, Armstrong, CNBC's Organizations: Coinbase Global Inc, JPMorgan, Chase, NatWest, HSBC Locations: New York

☆ Coinbase CEO Brian Armstrong on regulation: It's really imperative that we get this right
▼ + stars: | 2023-09-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase CEO Brian Armstrong on regulation: It's really imperative that we get this rightCoinbase CEO Brian Armstrong joins 'Squawk Box' to discuss 'Stand With Crypto Day', the state of the crypto industry, regulatory framework, Coinbase's international expansion, and more.

Persons: Brian Armstrong

☆ Coinbase CEO joins entrepreneurs on Capitol Hill to push for clear crypto rules: CNBC Crypto World
▼ + stars: | 2023-09-28 | by ( Talia Kaplan | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase CEO joins entrepreneurs on Capitol Hill to push for clear crypto rules: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On todays show, Solo Ceesay of Calaxy explains why he's optimistic about bitcoin's next bull run.

Persons: explainers, Calaxy Organizations: Capitol, CNBC Crypto, CNBC

Crypto companies have been expanding in Washington to combat growing regulatory scrutiny, especially from the SEC which says the industry has been flouting its rules. "Everybody wants to make sure that what they're doing isn't going to be erased by the government," said Kara Calvert, head of U.S. policy at Coinbase, referring to the crypto industry. A House vote before year-end is possible, but the outlook is dimmer in the Senate, where industry-friendly crypto bills have failed to gain traction. And Senate Banking Committee Chair Sherrod Brown of Ohio has shown little interest in making it a priority to advance the House bills. "The last thing we need is for the crypto industry to write their own rulebook — too many Ohioans have been burned by fraud and scams," said Brown in a statement to Reuters.

Persons: Dado Ruvic, Katherine Dowling, Coinbase, OpenSecrets, Brian Armstrong, Kara Calvert, Mark Hays, Sherrod Brown of, Brown, Ian Katz, Hannah Lang, Michelle Price, Richard Chang Organizations: REUTERS, Coinbase, Financial, National Defense, U.S . Securities, Exchange Commission, SEC, Binance, Reuters, OpenSea, Financial Reform, Senate, Capital Alpha Partners, Thomson Locations: Washington, NFTs, Sherrod Brown of Ohio, Ohio

☆ Coinbase is investing its resources towards international expansion, says CEO Brian Armstrong
▼ + stars: | 2023-09-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase is investing its resources towards international expansion, says CEO Brian ArmstrongCoinbase CEO Brian Armstrong and CNBC's Kate Rooney join 'Power Lunch' to discuss Coinbase's international expansion, an absence of regulatory frameworks for crypto in the U.S., and crypto's ongoing battle with the SEC over bitcoin ETFs.

Persons: Brian Armstrong, CNBC's Kate Rooney Organizations: SEC Locations: U.S

And, in that same earnings call earlier this year, Novogratz said Galaxy hired some traders based in Hong Kong. Just this week, Societe General 's crypto arm received approval by France's financial regulator to offer crypto services, including crypto assets. The next month, Hong Kong implemented a new licensing regime so crypto exchanges can serve retail customers. Hong Kong, in particular, has tried to position itself as an international hub for crypto. Galaxy Chief Investment Officer Chris Ferraro echoed that sentiment in a recent "Crypto World" interview.

Persons: –, Mike Novogratz, Brian Armstrong, Novogratz, Cantor Fitzgerald's Elliot Han, Dean Sovolos, Lily King, Cobo, Owen Lau, Chris Ferraro, Kraken –, Binance, Han, we're Organizations: BlackRock, SEC, Washington, Galaxy, United, Gemini, Payment, Societe, European Union, Crypto, Assets Regulatory Authority, Financial, Oppenheimer, U.S, Coinbase, Huobi, BTC Locations: U.S, Europe, Hong Kong, Abu Dhabi, Dubai, Bermuda, United Arab Emirates, Asia, Gurgaon, India, Singapore, United States, East, VARA, B2C2, Silicon, London, Berlin, China

☆ Coinbase CEO to meet US House Democrats on Wednesday
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

July 17 (Reuters) - Coinbase (COIN.O) Chief Executive Brian Armstrong will meet privately with a group of U.S. House of Representatives Democrats on Wednesday morning and plans to make remarks on the future of digital asset legislation. At the meeting, Armstrong will also touch upon related issues, such as tax, national security, privacy, and climate, a New Democrat Coalition spokesperson said in an emailed statement. Coinbase did not immediately respond to a request for comment outside business hours. Both Coinbase and Binance deny the SEC's allegations and have pledged to vigorously defend themselves in court. Armstrong is an outspoken SEC critic who has called SEC Chair Gary Gensler an "outlier" among Washington policymakers.

Persons: Brian Armstrong, Armstrong, Coinbase, Binance, Gary Gensler, Mrinmay Dey, Shubhendu, Jacqueline Wong, Edwina Gibbs Organizations: . House, U.S . Securities, Exchange Commission, New Democrat Coalition, SEC, Shubhendu Deshmukh, Thomson Locations: Washington, Bengaluru

☆ BlackRock applied to launch a bitcoin fund. Then came the conspiracy theories.
▼ + stars: | 2023-06-21 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +5 min

Crypto influencers seized on BlackRock's application to launch a bitcoin exchange-traded fund. Some said it sends a bullish sign to the wider crypto market; others spread conspiracy theories. The attention underscores the relatively new scrutiny BlackRock faces in the mainstream. "So BlackRock, Citadel, Deutsche Bank and NASDAQ have all started to enter the crypto space in the last week. Citadel, BlackRock, Schwab JPMorgan…" (These tweets refer to Citadel, the hedge fund founded and led by billionaire Ken Griffin.

Persons: Crypto influencers, BlackRock, Matt Hougan, Michael Novogratz, Brian Armstrong, Morgan Chittum, permissioned blockchains, Fink, bitcoin, Crypto, They've, Schwab JPMorgan …, Ken Griffin, Griffin, That's, Rich Latour, Latour Organizations: BlackRock, Morning, US Securities and Exchange Commission, Coinbase, Bitwise Asset Management, Galaxy Digital, SEC, Citadel, Deutsche Bank, NASDAQ, Citadel Securities Locations: bitcoin, BlackRock, cryptoland

☆ ‘Mom, I’m Home’: Ukraine and Russia Exchange Nearly 200 POWs
▼ + stars: | 2023-06-12 | by ( ) www.wsj.com time to read: 1 min

Coinbase CEO Says He’ll Challenge the SEC for ‘Clarity’ on CryptoCoinbase CEO Brian Armstrong is in a battle with regulators after the SEC sued his company Tuesday. He sat down with The Wall Street Journal to discuss the situation, saying he is hoping the lawsuit will bring more clarity to the industry. Photo: Breanna Denney/The Wall Street Journal

Persons: Crypto, Brian Armstrong, Breanna Denney Organizations: SEC, Wall, Street

☆ Ukraine Says It Retook a Village in the Donetsk Region From Russia
▼ + stars: | 2023-06-11 | by ( ) www.wsj.com time to read: 1 min

Persons: Crypto, Brian Armstrong, Breanna Denney Organizations: SEC, Wall, Street

☆ I-95 Partially Collapses in Philadelphia After Vehicle Fire
▼ + stars: | 2023-06-11 | by ( ) www.wsj.com time to read: 1 min

Persons: Crypto, Brian Armstrong, Breanna Denney Organizations: SEC, Wall, Street

☆ Three Killed in Russian Drone Attack on Ukrainian City of Odesa
▼ + stars: | 2023-06-10 | by ( ) www.wsj.com time to read: 1 min

Persons: Crypto, Brian Armstrong, Breanna Denney Organizations: SEC, Wall, Street

☆ SEC Crypto Action Leaves Stablecoins in Limbo
▼ + stars: | 2023-06-09 | by ( Telis Demos | ) www.wsj.com time to read: 1 min

Coinbase CEO Brian Armstrong is in a battle with regulators after the SEC sued his company. He sat down with The Wall Street Journal to discuss the situation, saying he is hoping the lawsuit will bring more clarity to the industry. Photo: Breanna Denney/The Wall Street JournalThe Securities and Exchange Commission has taken on two of the biggest players in crypto in the past week, along the way laying out arguments for how exchanges and many digital tokens should be regulated. But there is a key part of the crypto market it still seemingly hasn’t addressed head-on: stablecoins.

Persons: Brian Armstrong, Breanna Denney Organizations: SEC, Wall, Street, Securities, Exchange Commission

☆ Coinbase CEO believes SEC lawsuit will benefit crypto industry
▼ + stars: | 2023-06-08 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Coinbase CEO Brian Armstrong is confident his battle with federal regulators will benefit the crypto industry, no matter how the judge rules. “Regardless of the outcome of the case, it’s a step towards clarity.”The Securities and Exchange Commission dealt another blow to the crypto industry on Tuesday by suing Coinbase, America’s largest crypto exchange. The SEC alleges Coinbase made billions of dollars facilitating the sale of crypto assets as an unregistered exchange, robbing investors of key protections along the way. ‘Icy reception’Armstrong questioned the timing of SEC Chairman Gary Gensler’s decision to file a lawsuit against his company just 24 hours after the agency accused Binance, the world’s largest crypto exchange, of mishandling customer funds. “They allowed us to become a public company,” Armstrong said.

Persons: Brian Armstrong, isn’t, ” Armstrong, Coinbase, Armstrong, “, Gary Gensler’s, Binance, “ He’s, Gensler, ”, I’ve, ‘, ‘ I’m, ’ ” Armstrong, ’, Gurbir Grewal, ” Coinbase, San, Coinbase wouldn’t, We’re, Adam Levitin Organizations: New, New York CNN, CNN, Securities, Exchange Commission, SEC, Enforcement, “, SEC —, Georgetown Law Locations: New York, Washington, SEC’s, “ Europe, Singapore, Hong Kong, San Francisco

☆ Coinbase CEO Says He’ll Challenge the SEC for ‘Clarity’ on Crypto
▼ + stars: | 2023-06-08 | by ( ) www.wsj.com time to read: 1 min

6/8/2023 12:01AMCoinbase CEO Brian Armstrong is in a battle with regulators after the SEC sued his company Tuesday. He sat down with The Wall Street Journal to discuss the situation, saying he is hoping the lawsuit will bring more clarity to the industry. Photo: Breanna Denney/The Wall Street Journal

Persons: Brian Armstrong, Breanna Denney Organizations: SEC, Wall, Street

☆ Here's what the SEC's 'all-out assault' on crypto means for the market's 2 biggest players
▼ + stars: | 2023-06-08 | by ( Max Adams | ) www.businessinsider.com time to read: +6 min

"If this goes poorly, it could be an existential issue for Coinbase," Jeff Blockinger, chief counsel at decentralized finance platform Vertex Protocol, told Insider. Sources told Insider they expect Coinbase to fight extremely hard against the suit, which essentially says its whole US operation is illegal. "This is an all-out assault, particularly in regards to Binance, but it is a broader assault on the industry. A deal just means 'the casino can stay open'From Smith's point of view, the real existential matter isn't the SEC's lawsuit but rather the nature of the market itself. "If the SEC and Coinbase cut some sort of deal, that just means the casino can stay open."

Persons: —, Changpeng Zhao, Zhao —, Binance, Zhao, Jeff Blockinger, it's, Brian Armstrong, he's, Coinbase, Gensler, Sam Bankman, Richard Smith, Ron Geffner, Goldberg, Geffner, There's, Smith Organizations: Coinbase, Service, Securities, Exchange Commission, Binance, SEC, Commodities Futures Trading Commission, Bloomberg, The Foundation Locations: Cayman Islands, Alameda, SEC's

But the Coinbase case will be the biggest test yet of the regulator's jurisdiction over the industry. To argue that crypto assets are securities, the SEC has relied on a U.S. Supreme Court case from 1946. WHAT MAKES A CRYPTO ASSET A SECURITY? In the few cases that have been decided in court, judges have agreed with the SEC that specific crypto assets are securities. The SEC has alleged in the Coinbase case that 13 different digital assets sold on the platform are securities.

Persons: Binance, Coinbase, Howey, XRP, Carol Goforth, Goforth, Brian Armstrong, Jody Godoy, Tom Hals, Nick Zieminski, Lisa Shumaker Organizations: SEC, Securities, Exchange Commission, European Union, Supreme, Ripple Labs, University of Arkansas, Twitter, Thomson Locations: U.S, Manhattan, Solana, Cardano, Florida, XRP, New York

REUTERS/David SwansonJune 7 (Reuters) - Coinbase (COIN.O) Chief Executive Brian Armstrong on Wednesday hit back at the U.S Securities and Exchange Commission (SEC) Chair over the agency's lawsuit against the crypto exchange, calling him an "outlier," while also reassuring customers that their funds were safe. Crypto companies, including Coinbase, dispute that crypto tokens are securities and have repeatedly called for the SEC to create clear rules. SETTLEMENT BREAKDOWNLast July, Coinbase disclosed an SEC probe into its asset listing processes, staking programs and yield-generating products. Grewal said despite the lawsuit, Coinbase would still be interested in a dialogue with the SEC about how to bring cryptocurrency into the regulatory perimeter. "If there were an opportunity for a real conversation, of course we would take it up, but I want to be very clear: Coinbase is absolutely committed to defending itself in court," he said.

Persons: Brian Armstrong, David Swanson, Coinbase, Armstrong, Gary Gensler, Gensler, ” Armstrong, Binance, hasn’t, haven’t, Paul Grewal, Grewal, Hannah Lang, Manya Saini, Niket, Chris Prentice, Shounak Dasgupta, Michelle Price Organizations: Milken, Global Conference, REUTERS, U.S Securities and Exchange Commission, SEC, Bloomberg, Monday, CNBC, Reuters, U.S ., Appeals, Circuit, Thomson Locations: Beverly Hills , California, U.S, Solana, Cardano, Washington, Bengaluru

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