Coinbase CEO discusses why he believes crypto is ‘the future of money’
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As optimism grows for the Securities and Exchange Commission (SEC) to approve a spot bitcoin ETF (BTC-USD), Coinbase (COIN) CEO Brian Armstrong sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss his 2024 outlook, calling crypto “”the future of money.”” Despite regulatory headwinds, Armstrong notes crypto’s resilience, with prices up 90% year-to-date. However, he says the “”unclear rulebook”” so far features “”a lot of unanswered questions,”” causing “”consumer harm”” in the absence of clear-cut regulation. With Congress and courts left to navigate standards, Armstrong views crypto oversight in the US as being “”behind”” that of other countries. Nonetheless, Armstrong remains bullish on further adoption driving crypto’s staying power. […]