Coinbase CEO Brian Armstrong discussed the details of the lawsuit filed against the SEC and his company in the Bloomberg program he attended today.
“The SEC has changed its stance on the cryptocurrency industry over the past year,” Armstrong said. said. The CEO evaluated the SEC’s attitude to the industry and the details of the case in the broadcast he attended.
Coinbase CEO Speaks in a Bloomberg Broadcast
Coinbase came up again with the lawsuit filed by the SEC yesterday. Shares of the company fell after the case received media coverage. Before suing Coinbase, the SEC also sued Binance, putting two big players in the crypto industry in trouble.
Making statements after the lawsuit, CEO Brian Armstrong participated in a Bloomberg broadcast today. Armstrong evaluated the details of the case and the SEC’s stance on the industry.
The CEO answered questions about the case and Coinbase’s status in the post. Asked if Coinbase was starting to lose customers or banking partners, Armstrong said, “We’ve never seen such a risk. I think all our partners have been very thoughtful when working with us.” said. Armstrong stated that more than 200 assets were traded on the exchange, while the SEC qualifies only 13 as securities.
To the question of staking services, he said, “We will not be ending our staking services. Once these court cases are over, things really go as usual.” said.
