Coinbase CEO Brian Armstrong says company opposed crypto bill to protect consumers

Coinbase CEO Brian Armstrong announced that the company opposed a proposed crypto bill aimed at consumer protection, arguing it could stifle innovation in the industry. Armstrong emphasized that while consumer protection is important, the bill's provisions could hinder the development of new technologies and services. He expressed concerns that overly restrictive regulations might push crypto businesses out of the U.S. market. Coinbase remains committed to advocating for a balanced regulatory approach that fosters growth while ensuring consumer safety.

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