Ethereum News Daily Official TheBitTimes.com

In an interview with WSJ, Coinbase CEO Brian Armstrong explained that entrepreneurs who left the United States will return when the government finds the "right outcome" for crypto regulation. Brian Armstrong, the CEO of cryptocurrency exchange Coinbase, is confident that the United States will achieve clarity with crypto regulations, “even if it takes a while.” However, he believes this is the vital component to luring entrepreneurs back to the country. Armstrong sat down for an interview with Wall Street Journal on June 11, just days after the SEC filed a lawsuit against crypto exchange Coinbase on June 6. The SEC alleged that Coinbase has been operating a securities exchange, broker-dealership and clearing house without registering with the commission. Full WSJ interview on YouTubehttps://t.co/yIF3dGI7oN — Brian Armstrong ️ (@brian_armstrong) June 10, 2023 Armstrong addressed the lawsuit in the WSJ interview, explaining that he believes those registrations weren't r...

The sales saw Armstrong avoid the 20% slump in the price of the shares following the revelation of the SEC crackdown. In what many are considering to be an illegal move as it looks like an insider trading move, new revelations have been brought to the fore by Fox Business Journalist Eleanor Terrett. advertisement According to official filings from the SEC, the sales had already been pre-planned since August 2022 and as such is billed to comply with Rule 10b5-1(c). As Eleanor pointed out, pre-planning share sales on defined days of the month/quarter is not an unusual thing on Wall Street and that it is perfectly legal. According to the @SECGov's filings database this was part of a pre-planned stock sale initiated in August 2022 that was intended to comply with Rule 10b5-1(c). Setting a sale to happen on the 1st Monday of the month/start of the 3rd fiscal quarter, I'm told, isn't too unusual. https://t.co/iZBrsqhet9 — Eleanor Terrett (@EleanorTerrett)...