) is pushing lawmakers to do more to regulate the crypto industry. Armstrong, along with other crypto leaders, are part of the"Stand with Crypto Alliance." The group went to Capitol Hill on Wednesday to advocate for regulations for the industry. Armstrong says that"a massive constituency" owns crypto assets, and a number of those individuals are"unhappy" with the U.S. because it's lagging behind on crypto regulations.
"There's a general consensus and understanding from both sides of the aisle that this is an important issue," Armstrong said, cautioning however that politics can be"messy," though the industry can be"flexible.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Coinbase CEO calls out SEC harassment: YF ExclusiveCoinbase (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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
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
Source: YahooFinanceCA - 🏆 47. / 63 Read more »