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:
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New York, Washington, SEC’s, “ Europe, Singapore, Hong Kong, San Francisco