Coinbase CEO Calls for Congressional Action on Crypto Regulation Amid SEC Controversy

Coinbase CEO Brian Armstrong believes that the US Congress needs to intervene and prevent the SEC from driving the digital asset industry out of the country. Armstrong says that regulatory bodies must first enact policies before enforcing them, and not the other way around. Coinbase is committed to fighting the SEC’s approach of bringing enforcement actions against major crypto players without providing a clear set of rules that they could follow. Armstrong recently met with MP Andrew Griffith, the United Kingdom’s economic secretary to the Treasury, as the crypto exchange appears to be setting its sights on the UK amid swirling regulatory uncertainty in the United States.