Exchange News- A Twitter Live Space conducted by the CEO of Coinbase.
- The former State Department Official said that the regulations are forced by SEC in the U.S.
As a part of the ‘Crypto435‘ campaign conducted by Coinbase, a live Twitter Space discussion happened in Washington, DC – concerning cryptocurrency policies and national securities with the CEO of Coinbase, Brian Armstrong. The other people who joined in the spaces include Anja Manuel, Tomicah Tillemann, and Faryar Shirzad, during 2 pm European Time or 11 am Pacific Team.
Meanwhile, Brian said that there are chances of expanding Coinbase in other countries than in the U.S. as the SEC’s emerging regulatory actions on crypto assets. Once Coinbase received Wells Notice from SEC, Brian reached out to the representatives and the lawmakers requiring regulatory laws clarification.
More About Coinbase’s Live Discussion
Soon after that, the discussion on Twitter Spaces this Friday happened live. Anja Manuel, the former State Department official has said that the dominance of the U.S. Government in the financial payments and the crypto industry turns a failure affecting the national security policy as per sanctions. Furthermore, she added that China gets ahead of the payment solutions which could make the sanctions tougher in the market. Also, the U.S. being the leader of payments, has laid down national security under scrutiny, said Manuel. Even more, the regulations in the U.S. are prolongingly forced by the Securities and Exchange Commission (SEC) which doesn’t happen in countries like UK or Europe.
The sanctions on the crypto wallets are imposed through the Foreign Assets Control of the Treasury Department by the U.S., says Manuel. Meanwhile, the former senior adviser of the two U.S. Secretaries of State said that the other countries wouldn’t be waiting for the U.S. to make it right about regulation. He continued by saying that 114 other governments are examining their central bank digital currencies (CBDC) which is far ahead in the process.
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Source: https://thenewscrypto.com/coinbases-twitter-space-discussion-on-crypto-policies/