Coinbase CEO: U.S. sanctions on open-source software are not the best way to solve the problem

Chain Catcher news, Coinbase co-founder and CEO Brian Armstrong stated at the MAINNET 2022 crypto conference that U.S. sanctions on open-source software are like permanently closing highways, ultimately punishing those who have done nothing wrong and leading to a decrease in people's privacy and security. Earlier this month, Coinbase supported Tornado Cash users in their lawsuit against the U.S. Treasury.

In addition, Brian Armstrong revealed that there was hesitation before Coinbase went public, and discussions with other executives about the pros and cons of going public versus remaining private, but they ultimately decided to go public and take the mainstream stage. He mentioned that going public allowed Coinbase to raise funds quickly, but it also meant facing some unnecessary scrutiny and media coverage. (decrypt)