🔥 Brian Armstrong Expresses Optimism on Binance Case
posted 27 Nov 2023
In an interview with CNBC, Coinbase CEO Brian Armstrong mentioned:
“The
enforcement action against Binance, that’s allowing us to kind of turn
the page on that and hopefully close that chapter of history.
”He
emphasized the importance of regulatory clarity in the crypto space,
stating that it would attract more investment, especially from
institutional players.
“It’s
true that there have been some small amount of illicit activity in
crypto but it’s actually less than 1% from what we’ve seen. If you look
at illicit uses of cash it’s oftentimes more than that,” - he says.
Armstrong also acknowledged that there have been “bad actors” in the industry, referring to cases like Binance and FTX.
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