Coinbase CEO Slams Bank Lobbying Over GENIUS Act, Calls Reopening a 'Red Line'

preview image

Coinbase CEO Brian Armstrong has strongly criticized the lobbying efforts of banks concerning the GENIUS Act, labeling any attempt to reopen the legislation as a "red line." Armstrong accuses financial institutions of using political influence to stifle competition from stablecoins and fintech platforms, asserting that Coinbase will actively resist such revisions.

Read more

Comments

Post a Comment

Popular posts from this blog

BitMEX Exposes Lazarus Group's Cyber Security Vulnerabilities

Image
BitMEX's security team has exposed significant operational security vulnerabilities within the Lazarus Group, a North Korean state-sponsored cybercrime organization. Their counter-operations probe revealed critical lapses, including exposed IP addresses, database access, and tracking algorithms, offering unprecedented insight into the group's methods and structure. Read more
Read more