{"id":8502,"date":"2023-12-20T15:42:25","date_gmt":"2023-12-20T15:42:25","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=8502"},"modified":"2023-12-20T15:42:49","modified_gmt":"2023-12-20T15:42:49","slug":"criticism-from-coinbase-ceo-to-crypto-opponents","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/criticism-from-coinbase-ceo-to-crypto-opponents\/","title":{"rendered":"Coinbase CEO Criticizes Crypto Opponents!"},"content":{"rendered":"<p>Coinbase CEO <strong>Brian Armstrong<\/strong> has stated that US politicians moving towards anti-crypto policies would be a bad political strategy for the 2024 elections. Armstrong announced in a video posted on December 19 that US Senator <strong>Roger Marshall supports crypto regulations<\/strong>.<\/p>\n<blockquote><p>You May Be Interested: <a href=\"https:\/\/coinengineer.net\/blog\/the-latest-situation-of-crypto-market-december-20\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><strong><em>The Latest Situation of Crypto Market! \u2013 December 20<\/em><\/strong><\/span><\/a><\/p><\/blockquote>\n<p>Armstrong shared <strong>five reasons<\/strong> why he believes anti-crypto policies are a bad election strategy. Firstly, he emphasized that <strong>52 million US citizens own cryptocurrency<\/strong> and <strong>38% of young people believe that crypto can boost economic<\/strong> opportunities. Additionally,<strong> crypto prices have increased by 90%<\/strong> since the start of the year, yet only 9% of Americans are satisfied with the current financial system.<\/p>\n<p>Armstrong pointed to the non-profit organization <strong>Stand With Crypto Alliance<\/strong>, which aims to reach one million supporters defending the crypto industry. However, it should be remembered that Armstrong did not mention the source of the data he referred to.<\/p>\n<p>The Coinbase CEO reminded that the <strong>Digital Asset Anti-Money Laundering Act<\/strong>, which is the focus of anti-crypto legislation, aims to bring crypto technology in the US under strict banking regulations. As of December 2023, this bill has been supported by three<strong> members of the Banking Committee <\/strong>five senators. The <strong>Bank Policy Institute<\/strong> has approved the anti-crypto legislation proposed by Senator Elizabeth Warren.<\/p>\n<hr \/>\n<p><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<strong><a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noopener\">Telegram<\/a><\/strong>,\u00a0<strong><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noopener\">YouTube<\/a><\/strong>, and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase CEO Brian Armstrong has stated that US politicians moving towards anti-crypto policies would be a bad political strategy for the 2024 elections. Armstrong announced in a video posted on December 19 that US Senator Roger Marshall supports crypto regulations. You May Be Interested: The Latest Situation of Crypto Market! \u2013 December 20 Armstrong shared<\/p>\n","protected":false},"author":1,"featured_media":8501,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,2],"tags":[2747,1756,58,3099],"class_list":["post-8502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","category-news","tag-brian-armstrong","tag-coinbase-ceo","tag-cryptocurrency","tag-stand-with-crypto-alliance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase CEO Criticizes Crypto Opponents! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Coinbase CEO has stated US politicians moving towards anti-crypto policies would be a bad political strategy for the 2024 elections.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/criticism-from-coinbase-ceo-to-crypto-opponents\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase CEO Criticizes Crypto Opponents! 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