Brian Armstrong, CEO of Coinbase, criticized the government’s overreach and lack of transparency amid the ongoing tussle between the cryptocurrency industry and regulatory bodies.
What Happened: On Monday, Armstrong raised concerns about the “political capture” of government agencies, which emboldens them to make decisions on matters beyond their jurisdiction.
“This is part of the problem with big government – it tends to get captured politically and start painting outside the bounds of the law,” Coinbase’s top executive said. “If you have small government, there is nothing to capture.”
Full story available on Benzinga.com