- Armstrong meets with SEC
- Calls for clear US crypto regulations
- Congress may intervene for change
In a recent meeting with the US Securities and Exchange Commission (SEC), Coinbase CEO Brian Armstrong called for a comprehensive regulatory framework for cryptocurrencies in the United States. Armstrong emphasized the need for a transparent rule book, which is critical for the US to keep pace with the rapid advancements in financial technology.
Read CRYPTONEWSLAND on
google news
The Coinbase CEO stressed that the US cannot afford to lag in adopting and regulating cryptocurrencies, as they have the potential to revolutionize the financial system. A clear and concise regulatory framework would provide stability and encourage innovation, ultimately benefiting both investors and the economy.
Armstrong also highlighted the importance of regulators establishing policies before enforcing them, instead of taking a punitive approach without well-defined guidelines. In light of the current regulatory environment, he suggested that Congress may need to step in to ensure the establishment of clear rules for the burgeoning crypto industry.
The integration of cryptocurrencies into the US financial system could have far-reaching positive effects. With a transparent regulatory framework in place, the crypto industry could spur economic growth, enhance financial inclusion, and create new investment opportunities, ultimately benefiting the nation as a whole.
Read also:
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
