Coinbase cannot support crypto bill in current form, CEO Armstrong says

Core Viewpoint - Coinbase CEO Brian Armstrong stated that the company cannot support a draft legislation introduced by U.S. senators aimed at creating a regulatory framework for cryptocurrency [1] Group 1 - The draft legislation seeks to establish a regulatory framework for the cryptocurrency industry [1] - Armstrong's comments reflect Coinbase's position on regulatory developments in the U.S. [1] - The company's stance may influence its operations and compliance strategies moving forward [1]