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Brian Armstrong Profile picture
@brian_armstrong
Oct 29 • 1 tweets • 1 min read • Read on X
The next SEC chair should withdraw all frivolous cases, and issue an apology to the American people.

It would not undue the damage done to the country, but it would start the process of restoring trust in the SEC as an institution. Image

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More from @brian_armstrong

Brian Armstrong Profile picture
Aug 30, 2023
1/ I'm sharing the 10 ideas I'm most excited about in crypto right now. If you're building something in crypto or thinking about doing so - check it out.

We’re building lots at Coinbase, but we don't have time to tackle everything. So I figured I'd share these. Bear markets are the best time for building - why not start today?
2/ We’ll be hosting our inaugural @cbventures summit in Malibu, CA this October where we’ll bring together a small group of builders to discuss these ideas and others. If you already have a startup, or would like to create one, you can apply here: cbvsummit.com
@cbventures 3/ Read more in our blog post: coinbase.com/blog/request-f…
Read 4 tweets
Brian Armstrong Profile picture
Mar 22, 2023
1/ Today Coinbase received a Wells notice from the SEC focused on staking and asset listings. A Wells notice typically precedes an enforcement action.
2/ Two years ago the SEC reviewed our business in detail and approved Coinbase to go public. Our S1 clearly explained our asset listing process and included 57 references to staking. Coinbase runs a rigorous asset review process and has rejected more than 90% of assets that have… twitter.com/i/web/status/1…
3/ While we understand that this is all part of the journey to reforming our financial system, we are right on the law, confident in the facts, and welcome the opportunity for Coinbase (and by extension the broader crypto community) to get before a court.
Read 9 tweets
Brian Armstrong Profile picture
Mar 9, 2023
1/ @PatrickMcHenry and @RepRitchie have reintroduced the Keep Innovation in America Act, which would clarify crypto tax reporting requirements so that they work with digital assets.
2/ We’re grateful this is a bipartisan effort, and we hope it’s the first of many bills to come this year that will protect consumers and provide clarity on the regulatory environment for crypto.
3/ I recently wrote about how the US is quickly falling behind on defining clear and fair rules, that protect consumers and enable innovation: cnbc.com/2023/03/01/op-…
Read 4 tweets
Brian Armstrong Profile picture
Feb 23, 2023
1/ Today, Coinbase is launching @BuildOnBase, an Ethereum layer 2 that will help improve scalability and usability of crypto, so we can bring economic freedom to 1B+ people.
@BuildOnBase 2/ Base is a platform for developers to build the next generation of decentralized apps in the cryptoeconomy.

It is designed as a secure, low-cost, developer-friendly platform that enables anyone, anywhere, to build.
3/ I wanted to get in on the builder energy, and opened the pull request on github that adds Base to the broader ecosystem of chains

github.com/ethereum-lists…
Read 6 tweets
Brian Armstrong Profile picture
Feb 13, 2023
I’m in Washington D.C. and had a meeting canceled. Will be at the Dirksen Senate Office building snack bar for the next hour or so, if anyone wants to come chat about crypto and how we get crypto legislation + regulatory clarity this year.
Image
Woah soft serve ice cream. Tempting. Need more low sugar options though, this place is carb central. twitter.com/i/web/status/1…
Read 4 tweets
Brian Armstrong Profile picture
Feb 8, 2023
1/ We're hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers. I hope that's not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen.
2/ Staking is a really important innovation in crypto. It allows users to participate directly in running open crypto networks. Staking brings many positive improvements to the space, including scalability, increased security, and reduced carbon footprints.
3/ Staking is not a security. Here’s a good primer:
paradigm.xyz/2022/10/ethere…
Read 6 tweets

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