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Coinbase's Brian Armstrong Joins Ripple CEO in Chastising SEC's Approach to Crypto

Published 03/06/2023, 01:00 PM
Updated 03/06/2023, 01:00 PM
© Reuters.  Coinbase's Brian Armstrong Joins Ripple CEO in Chastising SEC's Approach to Crypto

As the SEC and other regulatory bodies step up their policing of crypto, there has been a rousing chorus demanding more legal clarity in the U.S.

Prominent U.S. crypto business leaders have called for codified, clear, and formalized regulatory policies on crypto alongside a transparent framework for companies to operate within.

Following Ripple CEO Brad Garlinghouse’s scathing indictment of the SEC last week, Coinbase (NASDAQ:COIN) CEO Brian Armstrong is doubling down on the calls for clarity amid the SEC’s labeling of cryptos as securities.

https://twitter.com/BloombergTV/status/1631395184930856983

“Give Us a Rulebook”

The issue many crypto companies have regarding the SEC’s regulatory scrutiny has not been the agency’s decision to claim jurisdiction over crypto but rather the uncertainty and inconsistency of its enforcement.

In the landmark court case between the SEC and...

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