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2 Kommentare
tldr; Coinbase CEO Brian Armstrong criticized big banks for attempting to stifle competition through crypto regulation, particularly in a Senate cryptocurrency bill. He argued that banks are leveraging regulatory capture to ban competitors instead of competing fairly. Armstrong withdrew Coinbase’s support for the bill, citing concerns for customers and the industry. While some banks are collaborating with Coinbase on crypto infrastructure, Armstrong accused their lobbying efforts of trying to restrict competition, expressing hope for a fair resolution in Congress.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Your job is to work with the regulators to stop it from happening bro. Why you throw the towel? It doesn’t give any points to people that actually know that good regulations will help the industry to get more adoption.