#Coinbase CEO on Regulation#

Coinbase CEO Brian Armstrong recently made a series of statements expressing his views and expectations regarding cryptocurrency regulation in the United States. He believes that the U.S. government should adopt more crypto-friendly policies to promote economic freedom. He listed several benefits of cryptocurrencies, such as stablecoins, free trade, secure property rights, and permissionless access. He suggested that the U.S. government take some measures, such as accepting cryptocurrencies, establishing a Bitcoin reserve, supporting economic special zones, and improving government efficiency. Furthermore, he expressed concerns about the regulatory environment in the United States, stating that under the leadership of the current Securities and Exchange Commission (SEC) Chair Gary Gensler, the U.S. cryptocurrency industry has long lacked clear regulatory guidance. He believes that it is time for the U.S. government to provide clear regulatory opinions on some outstanding major issues.Overall, Armstrong's statements reflect the cryptocurrency industry's expectations and concerns about U.S. regulation. They also indicate that the industry hopes the U.S. government will develop clearer and friendlier policies to promote the development of the cryptocurrency industry.