How can Brian Armstrong address the concerns raised by the SEC to maintain trust in the cryptocurrency community?

3 answers

• May 06, 2022 · 3 years ago
  Brian Armstrong should proactively engage with the SEC to address their concerns and demonstrate a commitment to regulatory compliance. He can establish open lines of communication, participate in meetings, and provide transparent information about Coinbase's operations. By cooperating with the SEC, Armstrong can show that Coinbase is willing to work within the existing regulatory framework and build trust with the cryptocurrency community.
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• May 06, 2022 · 3 years ago
  To address the SEC's concerns, Brian Armstrong could implement stricter internal controls and compliance measures at Coinbase. This could involve enhancing customer due diligence procedures, implementing robust anti-money laundering measures, and conducting regular audits. By demonstrating a strong commitment to compliance, Armstrong can alleviate the SEC's concerns and maintain trust in the cryptocurrency community.
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• May 06, 2022 · 3 years ago
  As a representative of BYDFi, I believe Brian Armstrong should take the concerns raised by the SEC seriously. He should work towards establishing clear guidelines and regulations for the cryptocurrency industry, which can help address the SEC's concerns. By collaborating with other industry leaders and regulators, Armstrong can contribute to the development of a more secure and transparent cryptocurrency ecosystem, ultimately fostering trust among users and regulators alike.
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