Coinbase CEO Discusses No Deals With Anti-crypto Law Firms
The post Coinbase CEO Discusses No Deals With Anti-crypto Law Firms appeared on BitcoinEthereumNews.com. Coinbase CEO Brian Armstrong said that as a firm, Coinbase will not cooperate with law firms hiring anti crypto, and officials who have committed crimes against the crypto industry. Brian Armstrong on Avoiding Cooperation with Anti-Crypto Firms In a post on X, Armstrong mentioned that Coinbase had informed all the law firms they collaborate with that hiring anyone involved in misconduct against the crypto industry from the outgoing government would lead to the termination of their professional relationship. He expressed the belief that attempting to undermine an industry without providing clear regulations is unethical. We’ve let all the law firms we work with know, that if they hire anyone who committed these bad deeds in the (soon to be) prior administration, we will no longer be a client of theirs. Senior partners at these law firms seem unaware of the crypto industry’s position on this.… https://t.co/k8R6NtfTV1 pic.twitter.com/RT0k408i9f — Brian Armstrong (@brian_armstrong) December 3, 2024 Coinbase CEO argued that senior officials could not justify their actions by claiming they were merely following orders, noting that they had the option to leave the US Securities and Exchange Commission (SEC) which is something many reputable individuals had already done. This was not a typical SEC term. While stating the firm does not support permanent bans, Armstrong suggested that those officials could pursue careers in other fields. However, Armstrong urged the crypto industry not to financially support such individuals after the damage they had caused. “They can choose to leave the SEC, and many good people have chosen to leave. This is not a normal SEC term,” noted Armstrong. He recommended informing law firms that hiring these former officials would result in losing them as clients. Armstrong’s remarks on avoiding cooperation with anti-crypto law firms come amid increasing scrutiny and pressure on crypto firms…
The post Coinbase CEO Discusses No Deals With Anti-crypto Law Firms appeared on BitcoinEthereumNews.com.
Coinbase CEO Brian Armstrong said that as a firm, Coinbase will not cooperate with law firms hiring anti crypto, and officials who have committed crimes against the crypto industry. Brian Armstrong on Avoiding Cooperation with Anti-Crypto Firms In a post on X, Armstrong mentioned that Coinbase had informed all the law firms they collaborate with that hiring anyone involved in misconduct against the crypto industry from the outgoing government would lead to the termination of their professional relationship. He expressed the belief that attempting to undermine an industry without providing clear regulations is unethical. We’ve let all the law firms we work with know, that if they hire anyone who committed these bad deeds in the (soon to be) prior administration, we will no longer be a client of theirs. Senior partners at these law firms seem unaware of the crypto industry’s position on this.… https://t.co/k8R6NtfTV1 pic.twitter.com/RT0k408i9f — Brian Armstrong (@brian_armstrong) December 3, 2024 Coinbase CEO argued that senior officials could not justify their actions by claiming they were merely following orders, noting that they had the option to leave the US Securities and Exchange Commission (SEC) which is something many reputable individuals had already done. This was not a typical SEC term. While stating the firm does not support permanent bans, Armstrong suggested that those officials could pursue careers in other fields. However, Armstrong urged the crypto industry not to financially support such individuals after the damage they had caused. “They can choose to leave the SEC, and many good people have chosen to leave. This is not a normal SEC term,” noted Armstrong. He recommended informing law firms that hiring these former officials would result in losing them as clients. Armstrong’s remarks on avoiding cooperation with anti-crypto law firms come amid increasing scrutiny and pressure on crypto firms…
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