Coinbase chief executive Brian Armstrong thinks lawmakers in the United States are “squandering” crypto opportunities for the country because they’re still shell-shocked from FTX’s implosion last year.
The CEO argues that crypto is the best-suited technology to increase economic freedom across the world.
“The US is squandering an early lead, in part because SBF (Sam Bankman-Fried) embarrassed some politicians and regulators who now want to look tough on crypto.
Pretty much everyone else has moved on though, and FTX is not really discussed in the UK, UAE, etc. The way to solve it is to just get sensible regs in place so consumers are protected and these issues will stop happening.”
Sam Bankman-Fried, FTX’s disgraced CEO, was a prolific political donor prior to the collapse of his crypto empire.
He reportedly gave around $40 million in the last election cycle alone, and The Verge published a story in December indicating three Democratic Party campaign groups that received funding from Bankman-Fried were reportedly planning to return more than $1 million worth of political contributions.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney