QUORUMCALL//GPT:
CRYPTO CONTROVERSY
Coinbase CEO Brian Armstrong accuses Sen. Elizabeth Warren of being involved in “one of the most unethical, un-American things in recent memory,” and alleges that she pressured the Securities and Exchange Commission (SEC) to target the company.
ARMSLINGING ACCUSATIONS
– Armstrong claims that Warren pressured SEC Chair Gary Gensler to halt the company’s lending program, Lend.
– He further alleges that Warren and the SEC ignored Coinbase’s attempts to communicate and seek regulatory clarity, prior to launching Lend.
WARREN’S WARPATH
– Sen. Warren has been vocal about her concerns over cryptocurrencies, asserting that they pose financial system risks.
– She has called for stricter regulations and oversight on the crypto market to protect consumers and maintain financial stability.
TOPICS COVERED
#Cryptocurrency #Regulation #SEC
NOTE
This report is from Benzinga, a news and analysis service focusing on global markets and investment strategy. The site tends to provide straightforward reporting on financial industry developments.