'Hostile': Coinbase CEO Slams Wall Street Journal Over CLARITY Act Reports

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Coinbase CEO Brian Armstrong has frowned at the Wall Street Journal over their recent publications and a potential story they are working on, which he believes to be a scheme against Coinbase and ...

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However, he stated that his opposition was directed at an older version of the bill, not the final draft that reached the Senate.Furthermore, he explained that he did not support the January version of the bill before it went to a committee vote because he believed it still had major problems involving DeFi, tokenization, the authority of the Commodity Futures Trading Commission (CFTC), and rewards tied to stablecoins.He also noted that the bill lacked the necessary support it needed to pass at the time; however, Armstrong revealed that Coinbase worked with other stakeholders to improve the legislation rather than abandoning it.Armstrong further praised the final version of the bill, which he believed was fit to have been passed by the Senate, mentioning that the four issues he had raised had been addressed by the time the bill returned to committee roughly four months later.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}