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CryptoIntelligence 2024-10-29 22:11:00

Coinbase CEO Calls for Apology from New SEC Chair

Coinbase CEO Brian Armstrong recently suggested that the next chair of the United States Securities and Exchange Commission (SEC) should apologize for the “damage” he believes the agency has caused to the crypto industry. On Oct. 29, Armstrong shared a post compiling examples of what he called the SEC’s conflicting statements over the years. He highlighted inconsistencies in the agency’s stance on whether digital assets like Bitcoin are considered securities, its authority over crypto exchanges, and whether current laws apply clearly to the crypto space. Armstrong stated, “The next SEC chair should apologize to the American people and withdraw all

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