Coinbase CEO: Big banks are trying to 'kill the competition' through crypto regulation [FOX Business Network]
Coinbase Global, Inc. - 3Class A (COIN)
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Source: FOX Business Network
Coinbase CEO Brian Armstrong revealed why the cryptocurrency giant chose to withdraw support for a key Senate crypto bill during an interview on " Mornings with Maria "It just felt deeply unfair to me that one industry [banks] would come in and get to do regulatory capture to ban their competition," Armstrong told FOX Business. "They should have to compete on the level playing field, and I genuinely believe that." Armstrong told FOX Business anchor Maria Bartiromo "much of the industry" shares Coinbase's concerns with the legislation , saying he felt an obligation to stand up for customers, whom he says are getting a worse deal from banks through the bill's provisions. "I declined to opine on the exact — whether the hearing, the markup should happen or not… But I did feel like I had to speak up on behalf of our customers and all Americans here." As the head of a cryptocurrency giant, Armstrong's decision to pull Coinbase's backing from the bill sent ripples through Capitol Hi
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COIN
Earnings
- 10/30/25 - Beat
COIN
Sec Filings
- 1/16/26 - Form 4
- 1/16/26 - Form 4
- 1/16/26 - Form 4
- COIN's page on the SEC website