Coinbase CEO calls out SEC harassment: YF Exclusive

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Coinbase (COIN) is lobbying Congress to establish clear regulations for the crypto industry. According to Coinbase CEO Brian Armstrong, there needs to be defined rules put in place by lawmakers rather than leaving regulation solely up to the Securities and Exchange Commission. Armstrong criticized the SEC's current approach of 'regulation by enforcement', where crypto startups receive subpoenas without transparent guidelines, referring to it as 'harassment.' By pushing for legislative action, Coinbase aims to bring more clarity and certainty to the crypto space. “I think there is a general consensus and understanding from both sides of the aisle that this is an important issue,” Armstrong tells Yahoo Finance adding, 'in five years we'll be thinking how do we get this back on shore if we don't do something now.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Amid Sophie Turner and Joe Jonas’ divorce proceedings and custody case, sources gave Us Weekly a fuller portrait of what caused the two stars’ romance to fall apart.Mark Meadows apparently did not know that the popular hard seltzer beverage had alcohol in it when he drank several cans on a Monday morning in 2020.

Netflix’s upcoming disaster movie “Leave the World Behind,” based on the 2020 novel of the same name by Rumaan Alam, marks the first fictional movie from Barack and Michelle Obama’s Higher Ground Productions company. Barack included the novel on his 2021 summer reading list and was personally invested in perfecting the film adaptation, so much …

 

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Coinbase CEO Brian Armstrong exclusive, Meta’s VR announcements: Yahoo Finance LiveIn an exclusive interview with Yahoo Finance airing at 3:30 p.m. ET, Coinbase (COIN) CEO Brian Armstrong calls out what he sees as “harassment” from the Securities and Exchange Commission. In tech news, Meta (META) is unveiling its latest virtual reality products. Other trending tickers on Yahoo Finance include NextEra Energy (NEE), Palantir (PLTR), and Pfizer (PFE).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - Fmr. Rep. Joe Crowley, (D) New York3:20 p.m. ET - Jeremy Schwartz, WisdomTree Global Chief Investment Officer3:20 p.m. ET - Jeff Klingelhofer, Thornburg Investment Management Co-Head of Investments3:30 p.m. ET - Brian Armstrong, Coinbase CEO4:05 p.m. ET - Rep. Marc Molinaro, (R) New York4:15 p.m. ET - Daniel Morgan, Synovus Trust Senior Portfolio Manager4:30 p.m. ET - Tom Narayan, RBC Capital Markets Lead Equity Analyst, Global Autos
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Wall Street hopes for bounce-back, Coinbase CEO joins YF: Yahoo Finance LiveMarkets are looking to recover from a rough day of trading yesterday. The Dow saw its worst day of trading since March, dragged down by recent signals from the Fed and growing concerns over a government shutdown. In crypto, SEC Chair Gary Gensler is set to testify before the House over Bitcoin ETFs. Yahoo Finance has an exclusive interview with Coinbase CEO Brian Armstrong (COIN) at 3 p.m. ET to get his thoughts on the testimony and much more. Trending tickers today include Costco (COST), Amazon (AMZN), and Rivian (RIVN).Top guests today include:9 a.m. ET - Tom Forte, D.A. Davidson Managing Director, Senior Research Analyst9:20 a.m. ET - Takeshi Niinami Suntory Holdings CEO9:40 a.m. ET - Maya MacGuineas, Committee for a Responsible Federal Budget President10:40 a.m. ET - Isabella Casillas Guzman, SBA Administrator11:00 a.m. ET - Fmr. Sen. Byron Dorgan (D) North Dakota
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Govt. shutdown odds, Target closes stores, Marriott outlook: Three ThingsGoldman Sachs is putting the odds of a government shutdown at about 90 percent. Target (TGT) is closing nine stores due to rising retail crime. Marriott International (MAR) reaffirmed its 2023 guidance. Also, be sure to watch Yahoo Finance's exclusive interview with Coinbase CEO (COIN) Brian Armstrong at 3 p.m. ET. Yahoo Finance Executive Editor Brian Sozzi breaks down the three things investors need to know to stat their day.  For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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