Coinbase CEO Reacts on New Crypto Regulation — Elon Musk Agrees
- US Senator Mark Warren proposed an amendment regarding which cryptos are okay.
- Brian Armstrong made a Twitter thread, calling this bill “disastrous”.
- Elon Musk agrees with Coinbase CEO Brian Armstrong.
Yesterday, US Senator Mark Warren has proposed an amendment that would decide which foundational technologies are alright and which are not in crypto. Following this senate announcement, Brian Armstrong made a Twitter thread, calling this bill amendment “disastrous”.
Agreed, this is not the time to pick technology winners or losers in cryptocurrency technology. There is no crisis that compels hasty legislation.
— Elon Musk (@elonmusk) August 6, 2021
Likewise, Elon Musk replied to this tweet by saying he agrees wi…
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