Coinbase’s CEO Brian Armstrong has recently appealed to legal companies to join the crypto industry in an open call. They believe that this can lead to the backbone of the cryptocurrency global financial system. Armstrong said, “I would like every legal company to come to crypto now. This will increase TAM (Total Addressable Market) 100X.”
Logan B appreciation and Armstrong’s response
Logan B appreciated the role of coinbase on the legal and policy front over in the last four years. He described Coinbase’s efforts as important, especially while facing the challenges of SEC Coinbase wins legal battle against SEC on Crypto LegislationBrian Armstrong accepted the appreciation and said that the coinbase will not be weak from more competition, but the entire industry will benefit.
Competition welcome in Crypto Industry
Armstrong believes that competition will lead to innovation and development in the industry. He said, “Coinbase will continue to provide the most relative and user friendly products.” Their purpose is to make Crypto an integral part of the global financial system.
Regulatory clarity required
Brian Armstrong clarified that the crypto companies would develop “offshore” without clarity regulatory guidelines. He said, “If the US and UK do not have clear rules, companies will be installed on foreign locations.”
Fit21 crypto invoice And Bills Stablecoin Office
The proposed bills like FIT21 Crypto Invoice and Bills StableCoin Office can bring positive changes for the Crypto industry. Armstrong has supported these bills, which will provide a strong legal framework for Crypto.
Be on one? S feet with crypto marketing camp
The “Stand with Crypto” Marketing Campaign started by Coinbase has now reached more than one million members. This campaign unites crypto users and raises voice for regulatory clarity.
Meanwhile, Shortly Earlier, the Crypto Exchange Coinbase released a report, revealing that it has a total of 11.42% staked ether, which is equivalent to about 3.84 million eth (about $ 6.8 billion). This figure reflects a large part of the total staked eth on the Etreum Community. With this Coinbase Ethereum Community became the largest node operator Is, which is considered a major and important achievement in the Crypto industry for the company.
Conclusion
This call from Brian Armstrong is a positive sign for the Crypto industry. Their purpose is to promote innovation, competition and regulatory clarity in the industry. If the regulatory framework is strong, the crypto industry can play an important role in the global financial system.
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