Coinbase Boss Says Crypto Will Be Hot Topic In The 2024 US Presidential Election

JAKARTA Brian Armstrong as the leader of the largest crypto exchange company in the United States, Coinbase, predicts crypto will become a hot topic in next year's US presidential election. This was conveyed by Armstrong along with his response to the SEC suing Coinbase.

In addition, Armstrong also talked about the political developments related to cryptocurrencies. He estimates that crypto will be a significant topic during the presidential election in 2024 and highlights its potential impact on the political landscape.

Coinbase CEO Brian Armstrong explained that Coinbase's issues are more related to the classification of whether they are considered commodities or securities. He stressed Coinbase's compliance with regulations and transparency, as well as explaining that companies always report their finances in an audiate manner.

The SEC's allegations against Coinbase were made on Tuesday, June 7, claiming that the company operates as an unregistered broker, exchange and clearing agent, while facilitating securities offerings and sales. This happened just a day after the SEC filed a lawsuit against Binance, the world's largest crypto exchange.

In his view, this case can provide much needed clarity within the framework of regulation and form a rapidly growing future for digital assets.