Similar Stories to Coinbase Boss Armstrong Blasts Sec, Calling For Crypto Apology And Change on Bing News

Coinbase CEO Brian Armstrong has made an impassioned criticism of the U.S. Securities and Exchange Commission (SEC), calling for widespread changes at the government agency. Armstrong hit out at the uncertainty caused by the SEC due to its inconsistency over crypto regulation, with many companies and representatives left uncertain about compliance requirements.  This has been a direct impediment to progress for the sector in the States.  He also stated there should be a shake-up in the leadership of the body, for the next chair of the agency to dismiss “frivolous” cases and even to apologize for the damage caused to the American crypto industry. The next SEC chair should withdraw all frivolous cases, and issue an apology to the American people. It would not undue the damage done to the country, but it would start the process of restoring trust in the SEC as an institution.