Brian Armstrong, CEO of Coinbase, which has now regained the title of the world’s second largest cryptocurrency exchange, answered the curious questions in the Bloomberg broadcast where he was a guest. He said; “I think the regulations that can be applied after the FTX crash will be positive for the cryptocurrency industry.”
Brian Armstrong says that the FTX bankruptcy has delayed the implementation of cryptocurrency legislation, but he believes something will be done within the next year. In addition, Armstrong answered the question of which side he would choose as a regulator between the CFTC or the SEC.
“There are many different types of cryptocurrencies on the market. Some of these are commodities and must be regulated by the CFTC.” Armstrong also claimed that they were very different from the bankrupt company, saying that they never issued their own coins as FTX did, nor did they use their own market maker.
Source: https://decrypt.co/114198/ftx-crisis-opportunity-clarify-crypto-regulations-coinbase-ceo
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