Brian Armstrong, the co-founder and CEO of leading American cryptocurrency exchange Coinbase, believes the U.S. Securities and Exchange Commission (SEC) is on a lone crusade in the push for regulatory clarity in the country, as the agency’s stance on the matter is different from that of Congress and other federal regulators.
During a Monday interview with CNBC, the CEO insisted that SEC chair Gary Gensler is attempting to regulate the American digital asset industry from an anti-crypto perspective for some unknown reason.
A Lone Crusader
“I think the broad consensus view in the U.S. government is that there should be a clear rule book, and this is going to require new legislation from Congress. The SEC is a bit of an outlier here. There’s kind of a lone crusade, if you will, with Gary Gensler, the chair there, and he has taken a more anti-crypto view for some reason,” the Coinbase CEO said.
Armstrong stated that Gensler is not trying to regulate the crypto industry as much as h
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