In a direct critique of the SEC’s handling of crypto regulation, Coinbase CEO Brian Armstrong took to X to call for reform, urging the next SEC chair to abandon what he calls “frivolous cases” and apologize to the public. Armstrong’s frustration centers on what he sees as inconsistent regulations that have stifled innovation and driven uncertainty across the crypto space.
📉 Armstrong vs. Gensler: A Tense Relationship
With the U.S. elections just days away, Armstrong’s comments bring attention to the SEC’s approach under Chair Gary Gensler. Armstrong emphasized that SEC actions have created widespread confusion, citing contradictory stances on digital assets over the years—from labeling them as securities to shifting to a broader regulatory framework. The rift between the SEC and crypto firms like Coinbase and Binance continues to widen, as both have faced legal battles over alleged regulatory breaches.
🔄 Future at the SEC: Could Trump Shake Up the Commission?
If Donald Trump wins the upcoming election, major changes could be on the horizon. Speculation is rising around Gensler’s potential removal, with rumored replacements like Dan Gallagher or Hester Pierce (“Crypto Mom”) who have advocated for clearer and more supportive crypto regulations. Armstrong’s call for accountability and reform hints at the crypto industry’s hope for a new direction under future leadership.
A Call for Trust Restoration
Armstrong’s message resonates with a growing sentiment across the industry—calling for regulatory clarity and a cooperative stance from the SEC. Will these changes finally bring the clarity the crypto sector needs?
📌 Disclaimer: This article is for informational purposes and does not serve as financial or legal advice.
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