Coinbase CEO Says He’ll Fight the SEC for the Crypto Industry | WSJ

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Coinbase CEO Brian Armstrong is entering a battle with regulators after the SEC sued his company Tuesday. The SEC alleges Coinbase broke the rules by listing crypto tokens subject to securities laws.
He sat down with The Wall Street Journal to discuss the situation, saying he hopes the lawsuit will bring more clarity to the industry.
0:00 Armstrong on if Coinbase is breaking the law
1:31 How Armstrong defines a security
2:39 Are all of Coinbase’s listings crypto commodities?
3:41 Did Coinbase rush its analysis for new crypto listings?
4:34 Armstrong’s relationship with the SEC chairman
5:03 Armstrong’s dream regulatory structure for crypto
#Coinbase #Crypto #WSJ

Опубликовано:

6 июл 2024

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Комментарии : 343

@Mars-xm9vp Год назад

Is funny to see how Gary Gensler had plenty of time to meet Sam Bankman fried from FTX Scam and did not find any time to meet with the Coinbase CEO 😮😅😂

@whatever2057 Год назад

Gary Gensler is a Marxist and his allegiance is to WEF and the Monarch

@Ida12fw Год назад

You answer your own question. Politics. Lining pockets. Etc etc

@T1ktokVirals Год назад

If u want try to dig dipper into Sam and carolyne and Gary gensler U will be surprised

@stephenjamestauber4559 Год назад

Not sure how to take the interviewee, line of questioning seems to be loaded and lead on behalf of the SEC.

@Bestbuddy719 Год назад

100% he out to grill.

@melvinthedeathless.melvint6727 Год назад

let's face it, coinbase is listing penny stocks, yup, that's what shitcoins are, penny stocks. Probably even worse than that, since the companies issuing the tokens ain't doing anything productive.

@whywhatwherein Год назад

quite impressive how coinbase's CEO keeps a cool head. the journalist was quite aggressive.

@arham360 Год назад

It’s because he’s bald

@citizenpunx Год назад

@@arham360 baha

@MrTmenzo Год назад

No hair increases heat exchange.

@T1ktokVirals Год назад

@@MrTmenzo lol

@FJX716 Год назад

He’s a little girl.

@thecaliberman7996 Год назад

Honestly, I would have loved a longer interview without having the person being interviewed not interrupted

@mrgreenfps Год назад

Interviewer was incredibly rude. Brian is smart and level headed.

@CindyAlexius Год назад

It’s clear this journalist has chosen a side in this fight. Poor interviewing skill WSJ

@KennethStevenson3 Год назад

I agree

@121hawaiian5 Год назад

I wish the interviewer would have given Brian an opportunity to answer one question before he moved on to the next! Much better interview on CNBC yesterday.

@niquedegraaff Год назад

The problem is that SEC knows exactly how much money Coinbase has to fight from. That's a dirty fight. And please, stop cutting him off.

@bobbyjonas2323 Год назад

Hope SEC wins and Brian Armstrong’s company bankrupts. Im making a vid exposing his illegal beginnings. It will be out soon

@heavensprominence Год назад

Not to worry! Abba can supply Brian with all the doe he needs to fight SEC. Does he want it?

@heavensprominence Год назад

Looks like the crypto gangsters are just interested in tightening the money supply to grand stand. While, in collusion with the feds, they have been suffocating Abba for 56 years.

@Dave-nq6uy Год назад

Law is law. They can have as much money as they want. They broke the law and there are going to be consequences for their actions. They are criminals.

@danielcanizales6262 Год назад

@@Dave-nq6uy what does the law say about securities? are you even familiar with the Howey TEST? read some more and don't act so ignorant over the internet. An investment of money In a common enterprise With the expectation of profit To be derived from the efforts of others3

@renichi6444 Год назад

God bless this guy, he is supporting the whole industry on his shoulders.

@TINTUHD Год назад

Interviewee seemed charged. Brian had great composure and pragmatism

@michaelw.8331 Год назад

SEC: Coinbase is an unregulated securities exchange. Also the SEC: We will let the Department of Justice sell its confiscated Bitcoin on Coinbase. 😂😂😂

@joeysoloway2115 Год назад

What a professional Brian is! I’m glad he is the example we have to look up too !

@mrgreenfps Год назад

🎯

@KennethStevenson3 Год назад

WSJ interviewer seems to have an agenda. Doesn't want to hear the answers to his own questions. Poor reporting/interviewing by the WSJ. Brian Armstrong was composed and factual/common sense in his answers.

@shawndowney-rv4li Год назад

Clarity, clarity, clarity that’s all we want is too grow and move forward in a positive respectful way..

@sharpenedge Год назад

Here's clarity: If your token had a premine, it's a security.

@technolus5742 Год назад

@@sharpenedge lol I think they need something from an actual authority that they can actually use to run a billion dollar business

@sharpenedge Год назад

@@technolus5742 It's pretty clear. Maxis have been warning about this for years. "We need clarity" is just crypto code for "Catch us if you can"

@technolus5742 Год назад

@@sharpenedge lol that's bs, lawyers were talking about need for extensive regulation after ftx and even writting papers on the that very subject...

@wanderer3362 Год назад

@sharpenedge Real

@akmccutcheon153 Год назад

"you are breaking the law" "but what is the law" "don't concern yourself with it just know you are breaking it"

@mikhelBrown Год назад

*That part!* 💯

@rw7717 Год назад

Hahaha!

@rampage2587 Год назад

Imagine roads having different speed limits but no speed limit signs and nobody will tell you what they are and the cops just give you a ticket whenever you go above them after the fact. Tell me the speeding limits!! Naah you don't need to know that. Here's your speeding ticket

@sharpenedge Год назад

If your token had a premine, then it's a security. Easy.

@meangrizzgreen Год назад

@sharpenedge that's not what the Howie test is though.

@SD-in2mv Год назад

I don’t follow crypto but this guy doesn’t seem like he’s trying to hide anything.

@sharpenedge Год назад

Bitcoin is the only ethical token. All of the others were created behind closed doors, distributed to insiders, and then released to the public in order to raise funds for development. That makes them securities. Bitcoin stands alone.

@Ryan-wx1bi Год назад

I mean, Ripple has been fighting the SEC on the cryptocurrency markets behalf for 2 years and you didnt back or talk about them lol.

@mikhelBrown Год назад

He did and he has. He was in his own soup too.

@victahmone Год назад

I highly doubt that. If that's the case, why delist xrp? Doesn't sound like any kind of backing to me.

@Ryan-wx1bi Год назад

@@mikhelBrown as the other comment said, is that why they delisted XRP? while other exchanges kept it

@blackhawkc2 Год назад

You know just my opinion but the person asking the questions seems to me a little biased against coinbase CEO

@Perfect1583 Год назад

Armstrong is a hero of our industry ❤

@ricciolini Год назад

Gensler is not here to protect investors, he's here to protect the interests of big banks. And why Brian keeps getting cut on this video?

@photinoman Год назад

I think Gary didn't meet with Brain because he is not his type. He liked Sam Bankman more. True love story.

@joelalexander928 Год назад

Interviewer thinking hes firing gotchas while Brians blood runs cool at 69bpm

@BrandonClark-StocksPassports Год назад

😂😂😂

@ryanhoward6316 Год назад

Keep fighting the good fight Brian!!!

@clouddragonz Год назад

If there is no clear rules before, shouldn't the rules only take effect _after_ they are made? Same for AI.

@rrace002 Год назад

Create a class action lawsuit against the SEC to compensate damages to crypto holders; with irresponsible and destructive as well as illegal practices.

@ELBarbarro Год назад

Well done!!! I stand with crypto against the SEC

@cashelGOAT Год назад

If Coinbase has to delist a token such as MATIC does that mean that other assets on the polygon network will also be delisted?

@shmoney39 Год назад

Wall Street Journal is literally the definition of matrix

@giamas1983 Год назад

The CEO was amazing and it is a historical shame for USA & their Officials what is happening. USA was a serious country in the past, now something is very wrong.

@kaysha Год назад

Is it an interview or the interviewer's opinion?

@Bestbuddy719 Год назад

Way to go Brian!

@anthonymaldonado8018 Год назад

I could totally appreciate fighting on our behalf but at some point an olive branch needs to be extended on both ends. We need clarity as Brian mentioned but we also need assurance that the rules arent going to change to facilitate someones agenda down the road. Drop the lawsuit, resolve the complaints, and be the first crypto exchange to operate with complete legality and hopefully worry free.

@tysoncobb5351 Год назад

This interviewer is doing a poor job of letting his bias and emotions show. He is clearly combative against his points.. Brian and Coinbase and crypto communities want (and have petitioned for) clarity regarding crypto assets as securities vs. commodities. If you say this is a security- then it's perfectly reasonable for someone (like Coinbase) to say "can you tell me how this is a security?" .. If your answer is " it just is trust me" then that isn't regulatory clarity- its tyranny

@mikhelBrown Год назад

That's the F'n media for ya. 💯

@PritishPrabhu Год назад

I am so confused what is the difference between a commodity and a security. Also, are foreign currencies like the Pound Sterling and Euro considered in the US to be securities or commodities?

@sharpenedge Год назад

@@PritishPrabhu If the token had a premine, then it's a security. If you can't use the token because developers are in the middle of an update, then it's a security. Everything but Bitcoin is a security.

@madvlad212 Год назад

@@PritishPrabhu see the Howey Test

@kimonzapantis6753 Год назад

Exchanges needs to exit the US including most of the cryptos, the rest of the world has rules in place ! Get out fast !!!

@sharpenedge Год назад

The only exchanges having this problem are security token trading exchanges. Bitcoin-only exchanges are fine, and they don't care.

@kiinmaskovich4108 Год назад

World War Crypto, let's get it!

@RobertaPaes-mh1sq Год назад

Not possible it is not what I’m thinking 💭 😂

@markeasley6149 Год назад

Why doesn't coinbase get a broker license?

@LiftedApe100 Год назад

They tried several times but are not able too because the law around crypto doesn’t truly exist. Robinhood tried also. That’s the shady part about it.

@vtr8427 Год назад

I mean is there any other option ?

@janetarnold6292 Год назад

Lost trust in the WSJ years ago. Watching this video confirms my instincts. 😊

@CHMichael Год назад

Is his exchange located in the US ? If yes he's screwed. The big market makers are not going to loose their grip on the market.

@Runner899 9 месяцев назад

This is reminding me back of the early Microsoft days where the Government was sueing them. Unfortunately this is the problem when technology moves to fast, it becomes so advanced that law makers fear it due to them not understanding it.

@Jlp9091 Год назад

STOP IT … 0:45 To late XRP has already fought them and beat them 🎉 RELIST XRP 🎉🎉🎉

@AnthonyDoesYouTube Год назад

"Free money is as important as FREE EXPRESSION!" - Robert F. Kennedy!

@jacobdarlong8217 Год назад

What about CZ & BINANCE.. ??

@CapsLock33 Год назад

im rooting for coinbase to win.

@alankeungz79 Год назад

Interviewee’s tone and language seems quite biased. Nothing surprising since it’s from WSJ

@auro1986 Год назад

why fight if he can bribe them with his crypto coins?

@whitemandarin2043 Год назад

Gary Gensler couldn't even answer if Etherium is a security or not, so how can he expect anyone else to know.

@bobbyjonas2323 Год назад

Coinbase deserves getting sued into oblivion for all the shitcoins they allow on their platform. Karma.

@desey63 Год назад

Obvious what side WSJ are on. It ain’t Crypto

@abgzulkifli Год назад

I know this is for future money and we still have a long way to move on with this, maybe 20/30 years

@AndreAnyone Год назад

Brian should run for president !

@raphaelsullivan6419 Год назад

So basically, this is a play, the US is the stage and Gary Gensler is the bad guy.

@kennethdashensheridan Год назад

This is why you never trust the lieutenant with the map and compass.

@kinghacker191 Год назад

LOL 🤣 This made me cry and laugh at the same time. Memories of being a butter bar.

@freewifi510 Год назад

post the long interview unedited

@shahbasharat Год назад

there is zero doubt that he and his other exchange buddies have been selling unregistered securities. they cant make enough money on btc alone. their only source of meaningful income is altcoins and most of these altcoins, in fact all of them, are securities. if there was an active lawsuit between SEC and XRP he should have stopped and thought was it ok for him to list all these altcoins essentially similar to XRP. he broke the law. he can get support of all CRYPTO BROS but that does not change the reality

@federicorusso4378 Год назад

You are not the smartest cookie, are you?

@shahbasharat Год назад

@@federicorusso4378 you don’t have to be smart to follow the rules. When Rules are made by lawmakers they make them simple enough so that the dumbest people can understand them. These exchange folks are too eager to become billionaires so they pretend that they didn’t understand the rules. It’s like contesting speeding ticket and telling judge that I did not see the speed limit sign.

@Mark-sy2bx Год назад

SEC doesn’t know what a Security is.

@mrgreenfps Год назад

This interviewer is rude. Brian is a wonderful leader for crypto. Coinbase will win against the SEC.

@Light_it_up_Luke Год назад

The interviewer just keeps cutting him off! Let him finish his sentence. I feel like this was more of an ambush than an interview.

@unclejimy Год назад

You don't fight sec. You comply our you done.

@KennethStevenson3 Год назад

Brian armstrong is right on. The SEC and the big global interest industry will lose. Blockchain tech will bring financial freedom and sovereignty.

@theboywaal Год назад

Is constantly interrupting the interviewee the new norm for journalism??

@LuisGonzalez-cq1nq Год назад

The interviewer does not let him speak… 😢😮

@ots5891 Год назад

Eu have the Mica laws, UAe has crypto laws, Even China through Hong Kong now trades crypto but US- decides to kick out crypto(which can be a used as a means of exchange) to countries already looking to de-dollarise. Don't be the architect of your own downfall, US.

@aternateus5835 Год назад

Coinbase Ceo: we're proud to be fighting for the crypto industry. Where the F**k were you when ripple was getting dragged for 2.5 years and counting. Ripple is the one that has been bringing the fight

@samuraifis Год назад

WSJ pushing Gensler and Banking rhetoric ... SEC is the one with aggressive relation towards crypto and coinbase+

@nathantrtek7020 Год назад

That interviewer was Gary Ginslers son

@dhenson8945 Год назад

He needs to get with the Ripple legal team. Ripple's been fighting the SEC for 2 1/2 years now.

@QuintonsKitchen Год назад

So when do we start protesting?

@coolhead8686 Год назад

Gensler is an embarrassment for the US and SEC. Competing countries like Canada and those in the EU already put in place a clear book of regulations. Their crypto markets are thriving while crypto exhanges are leaving the US.

@FJX716 Год назад

Guy has a chance to build a bridge with the SEC. Instead chooses to act stubborn and combative based on what HE believes is right vs what the law says is right.

@halilefeciftci Год назад

Web3 Ignite IGNITE3 has a bright future ahead. Don't underestimate it! 💫

@bilalissever609 Год назад

Web3 Ignite IGNITE3 is the smartest token out there. It controls itself, no one else does. 🤖

@tacticalnoob3986 Год назад

this is not an interview, learn manner stop interrupting!

@josephdelgiorgio3997 Год назад

We love u Brian. Coinbase is quite literally protecting the financial future of my Gen, GenZ, and keeping innovation in USA🇺🇸

@tonequin4562 Год назад

Coin base has receipts. Met several times!

@ruijgcabrita Год назад

interrupted so many times... 🤦‍♂

@rocketpod1 Год назад

Rooting for Armstrong!

@sarahfinatoliver547 Год назад

Everyone has a negative response to what Mr. CEO is saying… listen to him… listen all he is trying to get is clarity in all this… not saying he right or wrong/ let’s listen& learn& go from there.. prayers up for coinbase🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾❤️❤️❤️❤️

@wilsongv95 Год назад

i smell BS... and everyone that is cheering for this are people that have money invested or money lost because all these meme coins are just rug pulls.

@713hunsberger Год назад

SBF got multiple face 2 face meetings with Gary!

@Dave-nq6uy Год назад

Its illegal what Coinbase is doing and soon it will end

@Allensaveon Год назад

Hi Brian, you should fight and 🏆 you’re right.

@RobertaPaes-mh1sq Год назад

He should that’s what we need RN

@RobertaPaes-mh1sq Год назад

Hi Allen you look so familiar do you live the NJ.?

@jakeicloud Год назад

We the people support Coinbase and Binance, because crypto is for the people and goverment cannot control it!

@mac9245 Год назад

He really took one for XRP--NOT!

@nebojsa1976 Год назад

Now, Brian, listen, it is time for you to contact Elon. If he could pull that off, we are all safe.

@Davidcofer Год назад

I'm celebrating a $30k stock portfolio today. I started this journey with 4k. have invested on time and also with the right team now I have time for my family and the life ahead of me

@victoriasharon304 Год назад

I'm glad I got into crypto when I did because it’s been a turning point for me financially, been my best decision so far.

@tadassiksnius3402 Год назад

Kudos to coinbase. they should charge GG for manipulating markets instead

@sharpenedge Год назад

Bitcoin doesn't care. All other tokens are sweating.

@inniciwetrust2039 Год назад

ethereum doesnt either. they refuse to call eth a security

@sharpenedge Год назад

@@inniciwetrust2039 It's coming. And even if it doesn't, then you know ethereum is owned by a corporate interest. Why else would "they" attack the others and leave eth, which has near identical origins, all alone?

@colefook Год назад

Seems like this administration just wakes up, and thinks how can I further mess up the market.

@r.3559 Год назад

CRYPTO DADDY WILL SAVE US ALL. BLESSSSS.

@cooknmasterboy Год назад

Interviewer is not good. Please replace him

@MR-qe9ve Год назад

Go Brian A 👏👏👏

@michael2275 Год назад

Brian is a man with poor judgement. SEC told him only bitcoin is not a security. He disregarded and now will go BK.

@sharpenedge Год назад

Brian said "Catch us if you can!" He's getting caught. Bitcoin only. Everything else is dependent on developers and had a premine for fundraising. That makes them securities.

@michael2275 Год назад

@@sharpenedge The cope in 'crypto' is next level...