brianarmstrong

Coinbase CEO Brian Armstrong has strongly criticized the U.S. Senate Banking Committee’s proposed crypto market structure bill. According to him, the bill would harm the crypto industry more than if there were no regulation at all. Armstrong shared his position on platform X (formerly Twitter), warning of serious consequences the legislation could have for decentralized finance, user privacy, and market competition.

Coinbase: This Bill Threatens the Future of Crypto
Armstrong pointed out that the Senate’s proposal would:

🔹 Ban tokenized stocks

🔹 Restrict the DeFi sector

🔹 Give the government access to users’ financial data

🔹 Undermine the CFTC’s role while empowering the SEC

🔹 Penalize stablecoins and block fair competition with traditional banks
He warned that the bill, in its current form, would damage innovation and strengthen the monopoly of large financial institutions. Nevertheless, Coinbase plans to continue working on improving the bill through dialogue with lawmakers.
“We appreciate the lawmakers’ bipartisan efforts, but this version is significantly worse than the status quo. We would prefer no bill over a bad one,” Armstrong stated.

Crypto Market Grows, While Regulation Lags Behind
Ironically, this debate comes at a time when the crypto market is surging again. The total market capitalization grew 3% in the past 24 hours, with Bitcoin heading toward $98,000 and Ethereum nearing $3,500.
Industry experts agree that clear legislation is needed to define when a digital asset is a security and when it is a commodity. While the proposed bill does grant more power to the Commodity Futures Trading Commission (CFTC), it also contains sections that could hinder the growth of stablecoins—therefore blocking the development of decentralized financial services.

137 Amendments Filed, Banks Accused of Influence
The bill has triggered a wave of public responses. So far, over 137 amendments have been submitted, with final wording expected after further negotiations. Meanwhile, crypto industry groups accuse banks of wielding excessive influence over the bill’s content.
Summer Mersinger, CEO of the Blockchain Association, stated that banks are pushing to shape the law in their favor, preventing new players from entering the market. Proposed limitations on stablecoin rewards would, she said, hurt consumers and block innovation before it can compete.

#coinbase , #CryptoNews , #brianarmstrong , #Stablecoins , #defi

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Coinbase CEO Brian Armstrong once again shook the crypto world, making a bold statement: 'The absence of regulation is better than bad legislation.' January 14-15, 2026 marked a complete 180-degree turn — Coinbase officially withdrew support for the long-awaited Digital Asset Market Clarity Act bill.

Coinbase CEO Brian Armstrong expressed confidence that stablecoins are currently the most important and most promising way to use cryptocurrencies worldwide. This statement underscores the growing significance of digital assets tied to fiat currencies for millions of users and companies.

Coinbase CEO Brian Armstrong has sharply criticized the European Union, accusing it of using regulatory power to extract billions in fines from American tech companies. He claims that instead of fostering innovation and economic growth, the EU has turned regulation into a revenue-generating tool focused on punishment over progress.
In a post on X, Armstrong wrote:
“At some point, when enough regulation leads to fines, it borders on looting. You can have more fines from overregulation, or you can have a growing economy – but not both.”
His comments came in response to a statement by David Fant, founder of Agentic Godmode AI, who pointed out that the EU collected €3.8 billion in fines from U.S. companies in 2024 – more than the €3.2 billion paid in corporate income taxes by public European tech firms.

€3.8 Billion in Fines, More Than Tech Tax Revenue
According to Fant, the EU earned more from penalties levied against firms like Apple, Google, Meta, X, and TikTok than from their actual tax contributions in Europe. The fines included:
🔹 €400 million under GDPR privacy rules

🔹 €3.4 billion under antitrust regulations, the Digital Markets Act, and the Digital Services Act

U.S. Criticism: "EU Becoming a Revenue Tool"
American business leaders and politicians are increasingly warning that Europe’s digital regulatory regime is becoming a politicized tool of economic pressure. The latest flashpoint was a €120 million fine against Elon Musk’s X over allegedly misleading verification systems and lack of advertising transparency.
Elon Musk responded bluntly:
“The EU should be dissolved and sovereignty returned to individual countries.”
Several U.S. officials echoed Musk’s frustration. Senator Marco Rubio called the EU’s actions “an attack on all American tech platforms and the American people.” U.S. Ambassador to the EU Andrew Puzder accused Brussels of suppressing American innovation and warned that the U.S. expects “fair, open, and reciprocal trade – nothing less.”

EU Officials Defend Their Laws: “We Must Be Tough”
European lawmakers insist that strict enforcement is necessary to protect users and ensure fair competition.
Bas Eickhout, co-chair of the Green Party in the European Parliament, told POLITICO:
“The Commission must enforce the law with an iron fist, no matter how loudly U.S. officials protest. We are the only ones truly standing up to Big Tech.”
The recent fine against X marked the first official non-compliance ruling under the Digital Services Act, which came into effect shortly after Musk acquired Twitter in 2022.

Summary: Economy vs. Regulation?
Armstrong, Musk, and others argue that Europe is going too far, while the EU maintains that it's defending user rights and market fairness. The debate is rapidly escalating into a geopolitical clash between the U.S. and EU, with tech regulation becoming the new battleground for global influence.

#coinbase , #brianarmstrong , #CryptoNews , #ElonMusk , #AI

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

In a direct critique of the SEC’s handling of crypto regulation, Coinbase CEO Brian Armstrong took to X to call for reform, urging the next SEC chair to abandon what he calls “frivolous cases” and apologize to the public. Armstrong’s frustration centers on what he sees as inconsistent regulations that have stifled innovation and driven uncertainty across the crypto space.

📉 Armstrong vs. Gensler: A Tense Relationship

With the U.S. elections just days away, Armstrong’s comments bring attention to the SEC’s approach under Chair Gary Gensler. Armstrong emphasized that SEC actions have created widespread confusion, citing contradictory stances on digital assets over the years—from labeling them as securities to shifting to a broader regulatory framework. The rift between the SEC and crypto firms like Coinbase and Binance continues to widen, as both have faced legal battles over alleged regulatory breaches.

🔄 Future at the SEC: Could Trump Shake Up the Commission?

If Donald Trump wins the upcoming election, major changes could be on the horizon. Speculation is rising around Gensler’s potential removal, with rumored replacements like Dan Gallagher or Hester Pierce (“Crypto Mom”) who have advocated for clearer and more supportive crypto regulations. Armstrong’s call for accountability and reform hints at the crypto industry’s hope for a new direction under future leadership.

A Call for Trust Restoration

Armstrong’s message resonates with a growing sentiment across the industry—calling for regulatory clarity and a cooperative stance from the SEC. Will these changes finally bring the clarity the crypto sector needs?

📌 Disclaimer: This article is for informational purposes and does not serve as financial or legal advice.

#brianarmstrong #SECCryptoAccounting #cryptoregulation #CPI_BTC_Watch

As #bitcoin surpassed $100,000 for the first time in its 16-year history, influential figures in the cryptocurrency world, including Binance's former CEO #Changpeng.CZ.Zhao (CZ) and Coinbase CEO #BrianArmstrong , shared their perspectives on this milestone. Their reactions highlighted Bitcoin’s immense potential and the broader economic implications of its price surge.

𝐂𝐙'𝐬 𝐏𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞: 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐈𝐬 "𝐂𝐡𝐞𝐚𝐩𝐞𝐫" 𝐓𝐡𝐚𝐧 𝐄𝐯𝐞𝐫

Changpeng Zhao, who recently returned to Dubai after his legal challenges in the U.S., offered a unique viewpoint on Bitcoin’s rising value. While others congratulated him on his Bitcoin gains, CZ remained grounded, explaining, “I haven’t made much. I still hold the same amount of Bitcoin, but everything around me has become cheaper.” His comment underscores the deflationary impact Bitcoin could have on purchasing power, suggesting that, despite the soaring price of Bitcoin, other assets may seem more affordable in comparison.

𝐁𝐫𝐢𝐚𝐧 𝐀𝐫𝐦𝐬𝐭𝐫𝐨𝐧𝐠 𝐑𝐞𝐟𝐥𝐞𝐜𝐭𝐬 𝐨𝐧 𝐁𝐢𝐭𝐜𝐨𝐢𝐧’𝐬 𝐈𝐦𝐩𝐫𝐞𝐬𝐬𝐢𝐯𝐞 𝐆𝐫𝐨𝐰𝐭𝐡

Coinbase CEO Brian Armstrong also weighed in on Bitcoin’s incredible growth, drawing attention to its past performance. Reflecting on Bitcoin’s early days, Armstrong stated that if someone had invested in Bitcoin back in 2012, when Coinbase launched, their $100 investment would be worth over $1.5 million today. He contrasted this with the current state of traditional currency, which has seen its purchasing power eroded by inflation. Armstrong further emphasized Bitcoin’s status as the best-performing asset of the last decade, suggesting that the world is still in the early stages of its financial revolution. He called on nations, especially those battling inflation, to build Bitcoin reserves to protect their economic futures.

𝐀𝐬 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐬 𝐢𝐭𝐬 𝐮𝐧𝐩𝐫𝐞𝐜𝐞𝐝𝐞𝐧𝐭𝐞𝐝 𝐫𝐢𝐬𝐞, 𝐭𝐡𝐞𝐬𝐞 𝐜𝐨𝐦𝐦𝐞𝐧𝐭𝐬 𝐟𝐫𝐨𝐦 𝐤𝐞𝐲 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐟𝐢𝐠𝐮𝐫𝐞𝐬 𝐫𝐞𝐦𝐢𝐧𝐝 𝐮𝐬 𝐨𝐟 𝐢𝐭𝐬 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐫𝐨𝐥𝐞 𝐢𝐭 𝐩𝐥𝐚𝐲𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐞𝐜𝐨𝐧𝐨𝐦𝐲.
#CZ #coinbaseCeo