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Coinbase CEO Brian Armstrong has argued that the incoming SEC chairman should apologize to the American people for the damage the SEC has done to the crypto industry. Armstrong noted that the SEC has taken conflicting stances on whether digital assets are securities and its authority to regulate crypto exchanges. According to him, the new SEC chairman should drop the “baseless” lawsuits and begin to rebuild trust.
Armstrong has also supported Senate candidates known for their pro-crypto stances as the US elections approach. These names include former Bridgewater Associates CEO David McCormick, who is running in Pennsylvania, and crypto advocate attorney John Deaton, who is running against Elizabeth Warren in Massachusetts. Armstrong warned crypto investors in Massachusetts that Warren supports SEC Chairman Gary Gensler and is trying to end the crypto industry in the US.
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However, Armstrong has not supported any presidential candidate so far.
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