December 5, 2022

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The battle between the SEC and XRP appears to have attracted Brian Armstrong, CEO of Coinbase, to the issue. He has stated his hope for a more cooperative crypto-industry, free of all forms of tribalism.

The interview with the CEO

According to the CEO, Anthony Pompliano was interviewed and stated that he would like to see more collaboration across the board in the industry. Additionally, he reaffirmed his assistance for the “pro-lightning network” and all other members of the cryptocurrency community who assist in various ways with the development and acceptance of crypto. 

Despite being a multinational corporation, Coinbase is headquartered in the U.S. and the team will do everything in their power to ensure that the cryptocurrency will become accessible for everyone. The Coinbase employee, Armstrong, predicted that a hundred million people will use crypto globally within a decade. 

Coinbase executives are speaking out more and more in response to calls for the Securities and Exchange Commission and the U.S. government to censor cryptocurrencies. 

The SEC investigation

The SEC lately opened an investigation into Coinbase, which lists securities-eligible assets. He also unpredictably criticized censorship shortly after OFAC placed restrictions on Tornado Cash.

Brad Garlinghouse, quoting a retweet with the graphic text “ANTI TRIBALISM TRIBALISM CLUB,” believes that the Coinbase CEO’s most recent statement regarding Ripple’s dispute with the SEC was made relatively late.

Claims made by Armstrong are only sounding hypocritically. In spite of this, about 65 percent of the comments repeated that XRP has been at the front end of community co-creation but has not received enough support, particularly at the beginning of the SEC’s onset on Ripple in 2020.

A user commented on Twitter that the realization has at last occurred. The $XRP holders were discussing it all along. The Coinbase CEO believes that the industry is dying because of tribalism. The Coinbase team is still strong because of their unity, which also helps the crypto ecosystem expand.

Armstrong is an ardent supporter of cryptocurrencies and has substantial holdings in both BTC and ETH, so prominent members of the community find it impossible for anybody to overlook his hypocrisy. 


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