Coinbase CEO Brian Armstrong has called for the next SEC chairman to issue an apology to the crypto industry for the agency’s treatment under Gary Gensler. Armstrong believes that the SEC should drop all cases against digital asset trading platforms, including Coinbase and Binance.US. He argues that such a move would be a step towards restoring trust in the SEC as an institution. Gensler’s actions have raised concerns within the crypto industry, with some businesses opting to relocate to countries with more favorable crypto regulations. Armstrong also highlighted instances where the SEC contradicted itself on the classification of cryptocurrencies as securities. Coinbase has been pushing for new rules and a solid framework for crypto trading and listing in the US, but their previous efforts have been denied by the SEC.
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Coinbase CEO: Next SEC Chair Should Apologize to Crypto Industry
