The upcoming 2024 US presidential election could be a turning point for the crypto industry and its legal status. Such an opinion expressed Brian Armstrong, head of bitcoin exchange Coinbase.
During a conference in New York, the top executive noted the potential for regulatory clarity for digital assets due to the recent U.S. Securities and Exchange Commission (SEC) process against the trading platform.
“It is politically unpopular right now to oppose cryptocurrencies and we will potentially see changes here, whether in the administration, the parties or the SEC chairman,” he explained.
According to the head of Coinbase, the court can clarify the issue of whether cryptocurrencies belong to a certain asset class.
In June, the SEC filed lawsuits against Binance and Coinbase. The latter refused to change the business model due to litigation with the Commission.
Coinbase General Counsel Paul Grewal responded to the regulator’s proposal to expand the definition of an exchange to DEX. The specialist stated that the agency’s powers “do not include the power to prohibit [децентрализованные платформы] without the express permission of Congress.”
Recall that the head of Block, Jack Dorsey, expressed support for US presidential candidate Robert Francis Kennedy, Jr., who advocates digital assets. In April, the presidential candidate said that bitcoin and other digital assets act as an alternative to the traditional financial system.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
The upcoming 2024 US presidential election could be a turning point for the crypto industry and its legal status. Such an opinion expressed Brian Armstrong, head of bitcoin exchange Coinbase.
During a conference in New York, the top executive noted the potential for regulatory clarity for digital assets due to the recent U.S. Securities and Exchange Commission (SEC) process against the trading platform.
“It is politically unpopular right now to oppose cryptocurrencies and we will potentially see changes here, whether in the administration, the parties or the SEC chairman,” he explained.
According to the head of Coinbase, the court can clarify the issue of whether cryptocurrencies belong to a certain asset class.
In June, the SEC filed lawsuits against Binance and Coinbase. The latter refused to change the business model due to litigation with the Commission.
Coinbase General Counsel Paul Grewal responded to the regulator’s proposal to expand the definition of an exchange to DEX. The specialist stated that the agency’s powers “do not include the power to prohibit [децентрализованные платформы] without the express permission of Congress.”
Recall that the head of Block, Jack Dorsey, expressed support for US presidential candidate Robert Francis Kennedy, Jr., who advocates digital assets. In April, the presidential candidate said that bitcoin and other digital assets act as an alternative to the traditional financial system.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!