Crypto Engine is a crypto trading tool for investing in the crypto market with an %88 average win rate on trades and is the #1 trading software for crypto traders from all around the globe in 2022. Try it For FREE Today.
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.
Altcoin Directory is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site (namely Branded Content Posts) is paid content that is not written by our authors and the views expressed do not reflect the views of this website. Any disputes you may have with brands or companies mentioned in our content will need to be taken care of directly with the specific brands and companies. The responsibility of our readers who may click links in our content and ultimately sign up for that product or service is their own. Cryptocurrencies, NFTs and Crypto Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.
