Coinbase CEO: Crypto Optimism Growing Despite Regulatory Uncertainty
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Crypto is "the future of money" with growing optimism around SEC approving a spot bitcoin ETF, says Coinbase CEO Brian Armstrong.
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Despite regulatory uncertainty, crypto has shown resilience, with prices up 90% in 2022, signaling the technology and industry are here to stay.
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Lack of clear crypto rules and standards is causing "consumer harm" as activity goes to unregulated offshore platforms with major issues.
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Armstrong believes further adoption will drive crypto's staying power as a mainstream asset class, especially if a bitcoin ETF brings in more institutional investors.
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Additional policy clarity is still needed on crypto's path towards mainstream viability, though bipartisan support for new legislation is mounting.