Coinbase CEO Brian Armstrong says more regulatory oversight of centralized platforms is needed because they have the 'most risk for consumer harm'

Dec 20 2022 by Business Insider

 
Coinbase CEO Brian Armstrong.

Patrick T. Fallon / Getty Images

Coinbase's CEO says lawmakers should address regulatory oversight for centralized players in the industry first. This includes cryptocurrency exchanges, stablecoin issuers, and custodians, Armstrong tweeted on Monday.  The exec's comments follow the collapse of FTX, the crypto exchange which lost $8 billion of customer money. 

Coinbase chief executive officer Brian Armstrong hopes policymakers will prioritize oversight for...

Continue Reading Coinbase CEO Brian Armstrong says more regulatory oversight of centralized platforms is needed because they have the 'most risk for consumer harm'