April 10, 2024 11:00 p.m. | 2 minute read |
brian armstrongCEO of coinbase (CRYPTO: COIN) publicly supports cryptocurrencies and uniswap In the face of increased regulatory oversight from the SEC.
what happened: Mr. Armstrong expressed his position on social media platform X on Tuesday.He quoted the following post Hayden AdamThe founder of Uniswap Protocol previously revealed that Uniswap Labs had received a wells notice from the SEC.
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In his post, Armstrong also provided a link to the Stand with Crypto Alliance, an advocacy group dedicated to mobilizing the crypto community for direct involvement in the legislative process.
Mr. Armstrong expressed dissatisfaction with the SEC's approach and accused the regulator of targeting established organizations such as: coinbase and uniswap He is said to have overlooked cheating by other players. He called on the cryptocurrency community to unite against this regulatory challenge.
See Also: Can Dogecoin Reverse Ripple? Here's What You Need To Do
In his post, Adam defended Uniswap's business and expressed confidence in the legitimacy of the company's products and its contribution to the financial industry. He also hinted at the possibility of a lengthy legal battle that could reach the Supreme Court.
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Mr. Armstrong and Mr. Adam reiterated their determination to continue their activities in the crypto industry despite regulatory obstacles.
why is it important: Mr. Armstrong's support for Uniswap and the crypto industry is consistent with recent developments in the crypto space. In early March, the former president donald trump expressed a neutral position towards Bitcoin (CRYPTO: BTC) and cryptocurrencies.
Trump is now the top choice for US voters who own cryptocurrencies, according to a new poll.
robert kennedy jr. Members of Congress are BlackRock, JP Morgan, and “all the big globalist banking monopolies that make money off inflation and the Fed makes money printing money.”
US House of Representatives Patrick McHenry (RN.C.) urged the United States to lead in Bitcoin innovation. These trends highlight the growing importance and acceptance of cryptocurrencies in the financial industry.
Read next: Famous trader “Bonk Guy” comments on Doge Day: “Imagine being sidelined with Dogecoin”
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