Coinbase CEO Remains Unfazed by Delay in SEC Decision on Bitcoin ETF

Coinbase CEO Brian Armstrong, a prominent figure in the cryptocurrency industry, has expressed his lack of concern regarding the U.S. Securities and Exchange Commission’s (SEC) decision to postpone its ruling on a proposed exchange-traded fund (ETF). In a detailed interview with Bloomberg, Armstrong covered various topics including initial coin offerings (ICOs), Bitcoin’s price fluctuations, altcoins, and broader regulatory matters.

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When addressing the recent developments surrounding Bitcoin ETFs, Armstrong maintained an optimistic outlook. He noted that the SEC is fulfilling its role in fostering a “safe market” and safeguarding consumers, collaborating with Coinbase and other industry participants. He emphasized that anticipating a quick resolution on such complex issues would be unrealistic, hinting at the challenges that lie ahead in defining the parameters of these financial instruments.