Coinbase CEO Brian Armstrong Wants Congress To Bring Clarity On Whether Tokens Are Securities Or Commodities, Wants Stablecoin Regulation To Drive Crypto Investments - Coinbase Glb (NASDAQ:COIN)
1. COIN CEO Brian Armstrong calls for clearer token classification legislation. 2. Proper classification could unlock significant capital flows into cryptocurrency. 3. Armstrong advocates for a stablecoin issuance framework in the U.S. 4. Higher than expected Q4 revenue of $2.3 billion reported by Coinbase. 5. Armstrong predicts Bitcoin adoption could reach billions by 2030.