Brian Armstrong: CLARITY Act Failure Could Benefit Coinbase

• Coinbase CEO Brian Armstrong believes the failure of the CLARITY Act may benefit his exchange by limiting competition from major Wall Street firms in the crypto market.
• Armstrong acknowledged that while regulatory clarity could have attracted traditional financial institutions, it would have also increased competition for Coinbase.
• With the bill stalled, Armstrong indicated that Coinbase will focus on collaborating with the SEC and CFTC to develop industry regulations, viewing the situation as more permissive for the company.

https://cryptopotato.com/brian-armstrong-clarity-act-failure-could-benefit-coinbase/