Brian Armstrong on regulatory clarity
From Jamie Dimon called him ‘full of s--t.’ Brian Armstrong answers. · · POLITICO
“The biggest way that US customers have gotten harmed in the past say 5 10 years is that the lack of clarity in the US meant that many of these companies got built offshore US citizens were using those you know you think about FTX and others um and sometimes those would blow up and then US customers are really getting harmed right so we actually didn't in our conversations with uh lawmakers we didn't really go advocate for lighter regulation or heavier regulation we just said, 'Just tell us what the rules are.' You know, like that's all we were really asking for.”
On , Brian Armstrong, Co-Founder, Chairman & Chief Executive Officer at Coinbase Global, spoke about regulatory clarity during Jamie Dimon called him ‘full of s--t.’ Brian Armstrong answers. on POLITICO.
About Brian Armstrong
Brian Armstrong, co-founder and CEO of Coinbase, has continued to advocate for cryptocurrency adoption and regulatory clarity, describing the current period as one where "regulatory clarity is on the horizon" and stating he is "more bullish than ever." He told Politico that "the biggest way that US customers have gotten harmed in the past 5 to 10 years is that the lack of clarity in the US meant that many of these companies got built offshore" and argued that crypto is a "great democratizing force in terms of access to financial services." Armstrong also entered a public dispute with JPMorgan Chase CEO Jamie Dimon, who had called him "full of s--t," and said he was "a little perplexed" by the personal animosity. In the same interview, he stated that Coinbase's ultimate goal is "to be a bank replacement for people" and a "super app" providing all types of financial services. In a separate podcast, Armstrong described himself as a "disagreeable optimist" and argued that AI regulation should be limited until "material harm" is observed, adding that "it's much more likely that we end up in a world where it looks more like C3PO than Terminator." He said he is "okay with the idea of AI superseding humanity" and believes humans should "try to merge with that and evolve ourselves." On earnings calls, he emphasized Coinbase’s focus on diversification, stating that "payments is the next big use case in crypto" and that the company aims to be "the number one financial services platform in the world across custody, trading, payments, staking, borrowing and lending." He also commented on market conditions, saying that "this market correction is not that connected to any fundamentals" and that Coinbase will "continue to buy Bitcoin" and "keep building."