Coinbase CEO: A Bitcoin spot ETF could benefit Coinbase and also become a new source of capital for the crypto ecosystem
ChainCatcher news, according to Coin Edition, in a recent interview, Coinbase CEO Brian Armstrong talked about the issue of firmly pursuing global expansion and stated that the SEC's ambiguous regulations are ignoring the growing interest of Americans in digital currencies.
Armstrong stated that the company has been developing towards establishing services in the G20 countries. Additionally, Armstrong expressed regret over the regulatory hurdles faced by the cryptocurrency community. He believes that the regulatory scrutiny from the U.S. SEC has severely impacted the U.S. financial and tech industries, leading to a decline in their leading position. These strict rules have forced cryptocurrency exchanges, including Coinbase, to move overseas, away from the U.S.
Regarding Bitcoin spot ETFs, Armstrong mentioned that ETFs could benefit Coinbase while also becoming a new source of capital for the crypto ecosystem.