Coinbase CEO: Binance's settlement will open a new chapter for the industry, and the crypto industry should establish itself in the U.S. in a compliant manner

2023-11-22 08:40:37

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ChainCatcher news, Coinbase CEO Brian Armstrong posted on the X platform that today's news further proves that choosing the difficult path is the right decision. We now have the opportunity to open a new chapter for this industry. Due to the lack of regulatory transparency, we have faced many difficulties in the United States, and I hope today's news can serve as a catalyst for ultimately achieving this goal of regulatory transparency. Americans should not go to unregulated overseas exchanges. This industry should be built in the United States in a compliant manner according to U.S. laws. We will stay in the U.S. because we believe in economic freedom and trust that the American democratic system will ultimately achieve this goal.

Decentralization and cryptocurrency are powerful tools for updating the financial system and establishing a freer global economy. We have only just begun.

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Binance's $4.3 billion settlement case continues to be tracked.

The boots have finally dropped! Binance will pay up to $4.3 billion in fines to the U.S. Treasury, and Changpeng Zhao has announced his resignation as CEO of Binance... What will be the subsequent impact of this hefty settlement on Binance and the cryptocurrency industry? Will it open a new chapter for compliance regulation in the industry?

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