{"id":140875,"date":"2024-10-29T21:00:36","date_gmt":"2024-10-29T19:00:36","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140875"},"modified":"2024-10-29T13:53:23","modified_gmt":"2024-10-29T11:53:23","slug":"coinbases-brian-armstrong-urges-sec-chair-to-apologize-for-crypto-industry-harm","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/coinbases-brian-armstrong-urges-sec-chair-to-apologize-for-crypto-industry-harm\/","title":{"rendered":"Coinbase&#8217;s Brian Armstrong Urges SEC Chair to Apologize for Crypto Industry Harm"},"content":{"rendered":"<p>In a <strong><a href=\"https:\/\/x.com\/brian_armstrong\/status\/1851103674744832334\" rel=\"nofollow\">post<\/a> <\/strong>on October 29, he shared a compilation of the SEC\u2019s contradictory statements over the years regarding whether digital assets, like <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong>, qualify as securities and the agency\u2019s regulatory powers over crypto exchanges.<\/p>\n<p>Armstrong argued that an apology, coupled with the withdrawal of \u201cfrivolous\u201d legal cases, could help restore trust in government institutions, even if it can\u2019t completely undo past harm.<\/p>\n<p>As the U.S. elections approach, Armstrong has publicly supported pro-crypto Senate candidates, including David McCormick and John Deaton. He highlighted McCormick as a strong choice for Pennsylvania residents and criticized Senator Elizabeth Warren for her role in facilitating SEC Chair Gary Gensler\u2019s appointment, alleging that she has contributed to regulatory challenges facing the crypto industry.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-140829\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>While Armstrong has endorsed Senate candidates, he has refrained from backing any presidential hopefuls. He suggested that if former President Donald Trump were to win the election, he would likely appoint a more crypto-friendly SEC chair, noting Trump\u2019s commitment to replace Gensler and appoint someone who favors innovation over regulation.<\/p>\n<p>Potential candidates for this position could include Dan Gallagher, Robert Stebbins, Hester Peirce, or Chris Giancarlo, all of whom have substantial experience in regulatory roles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase&#8217;s CEO Brian Armstrong recently criticized the U.S. Securities and Exchange Commission (SEC), claiming that the next chair should apologize to the public for the agency&#8217;s negative impact on the cryptocurrency sector.<\/p>\n","protected":false},"author":3,"featured_media":29464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[72,424,234,122],"coin_category":[],"class_list":["post-140875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-bitcoin","tag-crypto","tag-donald-trump","tag-trump"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Coinbase&#039;s Brian Armstrong Urges SEC Chair to Apologize for Crypto Industry Harm<\/title>\n<meta name=\"description\" content=\"Coinbase&#039;s CEO Brian Armstrong recently criticized the U.S. Securities and Exchange Commission (SEC), claiming that the next chair should ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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