https://www.sec.gov/news/statement/peirce-statement-kraken-020923 https://www.yahoo.com/finance/news/fidelity-schwab-citadel-create-crypto-130... Brian Armstrong @brian_armstrong 3h We will keep fighting for economic freedom (our mission at Coinbase). Some days being the most trusted brand in crypto means protecting our customers from government overreach. 603 770 101 6,082 Brian Armstrong @brian_armstrong 7h Well said. There was no way to register (a disingenuous offer). “Using enforcement actions to tell people what the law is in an emerging industry is not an efficient or fair way of regulating.” Hester Peirce @HesterPeirce 7h My thoughts on today's Kraken settlement: sec.gov/news/statement/peirc… 130 297 13 1,968 Brian Armstrong @brian_armstrong Feb 8 1/ We're hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers. I hope that's not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen. 1,601 3,646 1,386 14,029 Brian Armstrong @brian_armstrong Feb 8 2/ Staking is a really important innovation in crypto. It allows users to participate directly in running open crypto networks. Staking brings many positive improvements to the space, including scalability, increased security, and reduced carbon footprints. 133 273 50 3,593 Brian Armstrong @brian_armstrong Feb 8 3/ Staking is not a security. Here’s a good primer: paradigm.xyz/2022/10/ethereu… Ethereum's New ‘Staking’ Model Does Not Make ETH A Security. - Paradigm 1. Introduction In the wake of Ethereum’s transition to a proof-of-stake consensus mechanism (“the Merge”), various commentators have suggested that Ethereum’s new staking model could result in its... paradigm.xyz 47 295 27 2,996 Brian Armstrong @brian_armstrong Feb 8 4/ We need to make sure that new technologies are encouraged to grow in the US, and not stifled by lack of clear rules. When it comes to financial services and web3, it's a matter of national security that these capabilities be built out in the U.S. 41 256 34 3,402 Brian Armstrong @brian_armstrong Feb 8 5/ Regulation by enforcement doesn’t work. It encourages companies to operate offshore, which is what happened with FTX. 72 279 41 3,482 Brian Armstrong @brian_armstrong Feb 8 6/ Hopefully we can work together to publish clear rules for the industry, and come up with sensible solutions that protect consumers while preserving innovation and national security interests in the U.S.