Brian Armstrong, CEO of Coinbase, defended his firm’s position and the broader cryptocurrency sector in a Bloomberg Live interview today.
Armstrong’s remarks come in response to a recent lawsuit from the Securities and Exchange Commission (SEC) and as the U.S. government escalates its clampdown on Binance, the world’s largest cryptocurrency exchange.
Armstrong made it clear that SEC Chair Gary Gensler’s view that most crypto assets are securities is not representative of the American government’s overall perspective.
“I want to make an important point, which is that the SEC chair may have a certain point of view, but that’s not representative of the whole U.S. government,” Armstrong said, contending that Gensler’s stance is “really an outlier” among government figures he had spoken with:
“When I meet with members of Congress, I think the broad consensus probably amongst 80% of people I talked to both sides of the aisle…is we don’t know exactly what this te
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