Coinbase CEO on SEC Lawsuit and Whether Crypto Is a Security | WSJ
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- čas přidán 3. 06. 2024
- Coinbase CEO Brian Armstrong is entering a battle with regulators after the SEC sued his company Tuesday. The SEC alleges Coinbase broke the rules by listing crypto tokens subject to securities laws.
He sat down with The Wall Street Journal to discuss the situation, saying he hopes the lawsuit will bring more clarity to the industry in this full, extended cut of the interview.
0:00 Armstrong’s interpretation of the law
2:30 Armstrong’s decision to push ahead on adding tokens despite risk
5:22 How Armstrong defines a security
9:10 Are all of Coinbase’s listings crypto commodities?
14:02 Coinbase’s process of selecting which assets to list
15:18 Did Coinbase become looser with standards?
17:40 Armstrong’s thoughts on the Howie test
20:14 The line between commodities and securities
22:32 Will Coinbase ever go to the rest of the world?
24:56 Armstrong’s relationship with the SEC chairman
26:36 Armstrong’s dream regulatory structure for crypto
#Coinbase #Crypto #WSJ
Its about control of anything that is a threat to the Fed's manipulation of the dollar, pure and simple.
You nailed it. Now the sec is trying to do anything they can to close escape valves that go away from the dollar. Which probably means something bad is coming, and people should have solid investments outside the dollar.
@@tylermcclure4324 both are your comments are astute. I hope people are paying attention.
The argument that Ethereum is decentralized is dubious. The downgrade to proof-of-stake was entirely designed and coordinated by the devs under their supreme leader and public-facing spokesman Vitalik Buterin. Also the power-law distribution of stake is an invariant that is never not the case. Thus even though we may not know the names behind the curtain, there are small number of individuals who control every proof-of-stake blockchain. Thus it certainly appears to be an obfuscated enterprise, which I think what the courts will ultimately conclude. Thus everything not Bitcoin will end up as a security, unless there can be any other surviving proof-of-work altcoins and/or someone can invent an alternative to the current status quo of proof-of-work and proof-of-stake. Yes I am implying that every proof-of-stake blockchain based cryptocurrency is probably a security under the Howey test.
If they were going after Bitcoin I’d agree with you but it’s very clear that just about all crypto currencies with the exception of Bitcoin is a security, including Eth. Brian is trying to protect his business and income and that of his investors. It’s really that simple
@@RyanVoelkel only legacy Bitcoin will survive with its 1 MiB block size will limit transactions to 7 per second. No SegWit, no Lightning Networks scaling. Thus Bitcoin will be only for the uber wealthy who can afford the $10k transaction fees. Bitcoin will enslave us, not rescue us. I wrote extensively about the game theory of the 2017 soft-fork which will eventually he hard-forked with all those 13 million Bitcoins being donated to the miners. You all do not know what is really going on.
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Bot Scam
Brian is a great representative for the crypto space, and I'm glad he is behind the attepmt to get some clarity and stop the sec from letting the U.S. fall behind.
HE IS A CROOK
CON base is scum. I lost nearly 8000 xrp. THEY never even acknowledged me. Account was hacked when I left xrp on there for flare drop. FK CONBASE THIEFS!!!!
hes bald, too. and those guys are motivated asf.
cant get a gf any other way.
look at the lengths Bezoes went thru....
@@user-xq2ls5ib5b All caps...wow must be true
Passive aggressive, slightly hostile interviewer countered by very smooth and confident friendly responses. We know WSJ.
Indeed
He's just giving Brian the opportunity to give a strong case, in which he did, if he got thrown soft ball questions like you're beloved Frankenstein biden then we'd have more illegal immigrants in the metaverse commiting SA in sandbox
Dude acting like he’s answering the questions lol
@@youtubeuser4645 is this comment like a parody or something? I'm so confused how someone could put these words together.
The interviewer did a good job I think. He asked hard questions and gave Armstrong the chance respond to them and lay out his case.
Gensler often says that the SEC's job is to protect investors. However, SEC registration does not guarantee protection. Lehman Brothers, a registered securities broker dealer was regulated under a program supervised by the SEC and still collapsed in 2008.
The Lehman Brothers collapse happened during the onset of a recession where the government was willing to bailout massive corporate entities just to attempt remedying the economy. That mistake will not happen again, with proper legislation.
After the serious negative press crypto has received in the last year don't you think the market would get more customers if customers could be given something akin to a FDIC insurance on their deposits? Or would we rather have more fraud?
The only thing Gensler has protected me from is gains.
It is the SEC's job to protect investors... they just don't do a very good job of it. But we shouldn't make the mistake of assuming that this is 100% the SEC's fault. Most times they simply don't have the resources, or the regulatory power to really do their job effectively.
The GOP has been hammering this "pro business", anti-regulation, anti-government narrative for DECADES. It's a very easy narrative to sell to Joe Sixpack... but it doesn't do anything to help Joe Sixpack. It only helps megacorps who already have too much power, and creates the conditions for a collapse like 2008.
Note: I am NOT saying it's 100% the GOP's fault either. The democrats are owned by corporate interests as well. But the GOP _has_ been the one pushing this deregulation narrative over and over.
They probably investigate very little to protect anybody. They are probably there to pick the winners and losers.
@@ianmedford4855 😂😂funniest comment ever
When referencing corporate America, he said “They don’t really care about you as they make it seem” realest thing he said...I’ve seen experienced it first hand in the DMV. Black ppl aren’t really respected in corporate America. Glad that he was able to get out of there and become his own boss *VRI TOKEN*
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Keep it simple in the beginning. Buy something, like an index fund, and hold. Educate yourself in the meantime and elevate your risk tolerance over time.
In order to make profits from trading you need loads of experience and a well-defined strategy, which most traders don't have. If you trade without the proper preparation, you're most likely to lose your money. Identify the buy/sell ratios and identify the market leaders and most importantly. Diversify! this will help you spread the risk
Even with the right technique and assets, some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally, I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again
who is your financial coach, do you mind hooking me up?
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Great conversation! I admire his thinking about this area: 23:31 - "Eventually we get to the right outcome, even if it takes a while" - highly reminiscent of the quote often attributed to Winston Churchill: "You can always count on Americans to do the right thing - after they've tried everything else."
The counteroffensive was drowned in the blood of the Armed Forces of Ukraine. Why Zelensky needed to throw people and equipment for slaughter for the fourth time, I don’t understand.
Everyone is talking about the burning Leopards and M2A2 Bradley tanks. By the way, the military of the Armed Forces of Ukraine call the Bradley BMP - a coffin on wheels or a matchbox, because the survival rate of the crew is 25% from a quick fire and the release of acrid smoke, the impossibility of field repairs, equipment not for combat but for an exhibition. But now it is clear why the United States did not want to transfer its legendary M1 Abrams tanks to Ukraine, and they deftly framed Germany with their leopard tanks. Also, Great Britain insisted that they not send their Challenger 2 to the attack (there is information that they agreed to sell one unit to Russia, leaving it in position).
Also in this suicidal counteroffensive, the overrated
- HMMWV - Humvee (according to the Armed Forces of Ukraine, worse than the Soviet UAZ)
- MRAP International MaxxPro (high fuel consumption, frequent breakdowns and fires)
- FV4333 Stormer
- APC "M 113" (easily penetrated often breaks)
- FMTV (sharpens on slightly damp ground, high fuel consumption).
But these are still flowers, remember the transfer to Ukraine of the MIM-104 Patriot. So, one of the two was destroyed, and the second was damaged, all the ammunition was spent on trying to shoot down Russian missiles, there are many videos on the net of how in Kiev they fall on passing civilian vehicles and residential buildings instead of hitting air targets. There have been attempts to shoot down drones of the Geranium type, and they cannot even shoot down.
The UAVs that the US donated to Ukraine are the Boeing Insitu ScanEagle, Switchblade, and Phoenix Ghost. Russia intercepts 99%, some planted in good condition.
We can say that all the equipment supplied from the United States for Ukraine became just scrap metal, and all its advantages were just a myth that dispelled on the battlefield.
Yes, I forgot about - M142 HIMARS and its European counterparts, at first caused problems, especially using Starlink, the efficiency was great, by the way, it was used to cause damage to the Kakhovka hydroelectric power station in the fall, the accuracy was at the height of the hits, spillway locks on platinum were damaged. But at the moment, most HIMARS missiles are intercepted and the launch sites are easy to calculate, for this reason the frequency of their use has decreased, and the Armed Forces often change launch sites and immediately after launch they try to move away from the launch site as much as possible.
This is why the US is afraid to hand over M1 Abrams and F16s to Ukraine. After all, the whole world will understand that US technology is too overhyped and most of the price is a way of money laundering (corruption in a word).!!!!
The dude admits to investing in projects before allowing retail investors to trade them aka dumping on retail...He is the CEO of the biggest shitcoin casino in the world. At least with a casino you know what you are getting into - degenerative behaviours leading to financial loss. This muppet pretends to be providing financial freedom!
Repeat after me kids... bitcoin isn't crypto. Crypto isn't bitcoin.
Bitcoin only.
Stack sats and stay humble.
Never buy shitcoins.
Get your bitcoin off exchanges NOW.
Use Bitcoin only exchanges to purchase then withdraw to your own cold storage asap...
Lol exactly. Good observation :)
@@DL-hu9yw not everything takes hold... plenty have tried, its really about a tipping point of investment, if you have a significant enough invested, you've already won public opinion and that will translate into legitimizing. seems like a dubious playground for money launderers and the like to dodge sanctions and regulation, even if you have a few 'honest players'
Remember that Gary met more than 30 times with Sam Bankman Fried and NEVER with Coinbase CEO
Armstrong answered the questions perfectly. This interview just increased my confidence in Coinbase.
This interviewer seems to have a bit of a bias but Brian did good at standing his ground. The SEC is in the wrong here
Not really, he is mostly playing devil's advocate and gives Armstrong passes to answer about SEC's arguments(or lack thereof). It's what an interviewer should do. I found the interviewer very informed, questions weren't stupid and were straight to the point.
@@steveperi840A lot of those questions felt like traps though. They also give the SEC a lot of foresight on how his arguments against the case might play out. Whether it was intentional or not we don't know, like you said could just be a 'good' interviewer. But to me the questions felt a little too straight forward and one sided. Strong questions and answers nonetheless 👍. Very impressed with how Brian navigated the interview
💯!
@@PsaGrades they were challenging questions for sure, but they were the right questions. and thats what makes this all the better.
I do think he was playing devils advocate too.
I felt like it was decided upfront that there will be "difficult quesstions" that Brian could prepare - feeling that the journalist is trying to undermine him, but failing to do so, is of course very much in favor of Coinbase. Imagine that the journalist would ask easy questions or would feel like he agrees... the interview wouldn't be believable.
After listening to this man speak in this interview, I will buy Coinbase stock now. I am happy this man is fighting back!
The smart retail investors are getting fat.
But the speculators Coinbase investors will get slaughtered.
The 19th-century American entertainer, Phineas Taylor Barnum, once said: There is a sucker born every minute!
Yes Sounds very Cool guy! 🔥
@@lambertois11 Every investment is a speculation and some suckers just don’t get it; no matter how old they get.
i recommend supporting crypto over a crypto company. If they stop crypto in america coinbase goes overseas and most likely gets delisted in america
Sell your 12$ worth of Cardano and you’ll be able to buy 1/4 of a share of Coinbase stock 😂
Thanks to Coinbase for defending the industry
Industries build stuff.
100%
naaa, defending their company
your not verry smart ey
Yeah thanks for delisting XRP AND FUDDING PEPE. GREAT COMPANY.
The interviewer was disarmed by the composure of Brian. Brian comes across as a really ethical non scamy person.
How naive can people get?
Agree. How can people who drive Toyota Corolla be unethical?
Great video! I have a question, I have two fraud inquiries on my reports that I would like to get removed. I've seen your video regarding this, but Im still a bit confused. So I know my first step would be making a call with the credit bureau (Experian) but should I also make call what time? And would I be never stop sending a good compny *VRI TOKEN* to my friends and people I know regarding any credit situations
Brian is a great CEO facing difficult headwinds!
Yeah he also listed shiba inu
@@bitkurd Tencent Music Entertainment is down 75% from its high in 2021. Why not hold the New York Stock Exchange to the same standard?
they shared all their data in good faith SEC used is as a counter legal game plan.
yea? he also listed LTC - created by Charlie Lee, an employee of Coinbase, delisted XRP but seems to operate a double standards now keeping coins listed that the SEC deems as a security e.g. ADA..seems like market manipulation and picking winners and losers (He accuses the SEC of the same thing coinbase is doing themselves). I will not use coinbase - dont want to support these people
"Headwinds"... you get it...?
The interviewer did a great job challenging Brian with the more difficult areas of this conflict. I cannot think of a better face for crypto right now. Brian explicitly states that Coinbase is not going anywhere, that they want regulatory clarity, and that they will not just roll over. It almost seems like the SEC wanted to simply spook the exchanges into delisting several cryptos. I commend Brian for sticking to his guns. There is so much corruption at play here. If the US doesn't start prioritizing clarity and resolution we will be left even further in the dust. If the gov't thinks they can regulate crypto into oblivion, while maintaining a reputation as a "free" society, they are sorely mistaken. We want businesses to grow here! We are taxing and regulating everything overseas!
It’s written in the law. Ppl who do crimes don’t ask the police. Nor do the policy have to explain. They enforce. Coinbase acting innocent is more cringe than the SEC being dicks. As much as I hate regulating and being a gambler myself, I don’t feel bad for those gambling with cryptos.
@@MugenTJ why do ignorant people like you like to open their mouths when you know nothing? save the embarrassment please
If by challenge you mean blurting cheeky nonsense & chomping at the bit for his famed gotcha moment, sure.
@@MugenTJ You figured it out bro. No need for a whole court system, only enforcement. No law ever required clarification/interpretation. Really though, are you some kind of genius? It sounds like you're outright ignoring every provided detail of the circumstance to form as ignorant of an opinion as you possibly can. Also really has nothing to do with gambling for normal people, though. Sorry about your gambling condition/psychology.
@@RENOWN55CHARGE didn’t say anything you just said. If I drive around LA with a cell phone in my hand. I will be fined, no matter if I am aware of the law or not, nor if the policy need to tell me that I can’t do that. I’m no genius but ppl acting dumb is equally cringe. Of course the law will be interpreted in the court. Right now I’m siding with the sec despite not the law itself. I rather have ppl crew themselves gambling and learn from it. Rather than having government running every aspects of our lives. Btw don’t be sorry for my gambling, I make a decent living with it. I feel rather blessed. No to say it’s always easy.
SEC ran a con, gathered intel, formulated an attack, and now is going in for the kill. Sadly they didn’t even remotely closely scrutinize FTX, Sam was a friend.
I thought Sam was arrested and about to go to trial. I guess you know better, and I am mistaken.
Except thats completely false, the government literally brought FTX to a complete halt and the ceo was arrested.
Sec is about to get what's coming to them. xrp is going to win within 2 weeks
@@BrianSmith-qp1ym whether altcoins like xrp get through the next 2 weeks has little bearing on where theyll be in 3 years.
Additionally whether xrp continues to exist has little effect on the remained of the 100,000 altcoins which exist, which all will almost definitely quickly wash down the drain, which is for the best as they are all scams.
@@last99centstorecauseinflation Gary Gensler met with Sam mutiple times and still allowed to operate his scam business. What you think about that?
I’m soo bullish, most of the exchange liquidation happened out of nowhere. This seems different. I’m pulling for Armstrong to win
The corruption of the SEC is almost glaring ! But coinbase is learning that the whole industry should have joined the fight against the SEC when they went after XRP !
We know how badly the sec wants to take down Binance& in attacking they the sec froze my assets on Binance us)the sec hurts retail investors . Not helps harms still coinbase should join forces with binance cardano solana & polygon matic to create a united legal front against this out of control rabid dog grnsler sec
coinbase doesn't seem to me working in the best interests of the industry you see. They thought the SEC has their back ROFL
@@m0o0n0i0r Obviously, Coinbase only really cares about working in the best interests of Coinbase. But they never "thought the SEC had their back." They've always tried to work openly with regulators (or at least tried to _appear_ like they were working openly with regulators), but the SEC has made that very difficult.
@@neofromthewarnerbrothersic145 Sure, and coinbase is accusing the SEC of picking winners and losers - while their listing policy to me seems to be doing exactly the same thing. Has their policies actually worked in their best interests? I believe it hasn't based on the fact that they had to make staff cut backs - January 10, that the company would be reducing operating expenses by 25%, which involves laying off another 950 employees. Now they have to pay extra cash fighitng the SEC. Point is, their current operation doesnt appear to me, working the best interests of coinbase as an exchnage, hence why they are having got fire employees. If they had a consitent approach, they would delist the coins the SEC believes were securities in their complaint, as they did with XRP? Instead they delisted XRP and missed out on trading fees for about 2 years. Lets face it, they are ETH maxis, and now are trying to ride to coat tails of Ripple's sucess against the SEC hence why Paul Grewal wants more meetings with Stuart Alderoty. Seems like they worked way too hard to get an IPO and plecated the SEC for it - and it didnt do their business any good, hence the staff cut backs.
True but the law is the law. The argument that Ethereum is decentralized is dubious. The downgrade to proof-of-stake was entirely designed and coordinated by the devs under their supreme leader and public-facing spokesman Vitalik Buterin. Also the power-law distribution of stake is an invariant that is never not the case. Thus even though we may not know the names behind the curtain, there are small number of individuals who control every proof-of-stake blockchain. Thus it certainly appears to be an obfuscated enterprise, which I think what the courts will ultimately conclude. Thus everything not Bitcoin will end up as a security, unless there can be any other surviving proof-of-work altcoins and/or someone can invent an alternative to the current status quo of proof-of-work and proof-of-stake. Yes I am implying that every proof-of-stake blockchain based cryptocurrency is probably a security under the Howey test.
I want to give a credit to Brian Armstrong for keeping is emotions and frustration so low (which actually are probably over the top). He knows exactly what’s going on but he won’t say it because he don’t want to get in a war and truly trying to solve the issue and do it the right way
Thats how u get killed....
Honestly he did great even sharing some of his personal candid thoughts too, glad to be a Coinbase customer
Coinbase will lose. The argument that Ethereum is decentralized is dubious. The downgrade to proof-of-stake was entirely designed and coordinated by the devs under their supreme leader and public-facing spokesman Vitalik Buterin. Also the power-law distribution of stake is an invariant that is never not the case. Thus even though we may not know the names behind the curtain, there are small number of individuals who control every proof-of-stake blockchain. Thus it certainly appears to be an obfuscated enterprise, which I think what the courts will ultimately conclude. Thus everything not Bitcoin will end up as a security, unless there can be any other surviving proof-of-work altcoins and/or someone can invent an alternative to the current status quo of proof-of-work and proof-of-stake. Yes I am implying that every proof-of-stake blockchain based cryptocurrency is probably a security under the Howey test.
I dont really care much for crypto, but this was a great interview and what a clear and consice CEO.
@@Growlizing you will care for crypto when your Western country bans cash by 2025 and forces you onto a dystopian CBDC digital currency where the Communist government (we now have) can prevent you from spending because you exceeded your carbon credit allowance or wrote the wrong think on a social media post. We are headed into very dark times sir. You better get in touch with reality soon.
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Without guidelines there can't be allegations against them. They asked for it and became nothing from the SEC. Crazy that the SEC can just sue them about something that has no set guidelines.
They think everyone is going to dump there bags
Incorrect. You do not understand the law. They are liable to the Howey test.
this is USA you are not welcome here if you think there is no freedom. SEC can sue whoever they want and whenever they want. coinbase has right to defence. Nothing wrong. But I see you are from china so crawl back under your rock.
The dude admits to investing in projects before allowing retail investors to trade them aka dumping on retail...He is the CEO of the biggest shitcoin casino in the world. At least with a casino you know what you are getting into - degenerative behaviours leading to financial loss. This muppet pretends to be providing financial freedom!
Repeat after me kids... bitcoin isn't crypto. Crypto isn't bitcoin.
Bitcoin only.
Stack sats and stay humble.
Never buy shitcoins.
Get your bitcoin off exchanges NOW.
Use Bitcoin only exchanges to purchase then withdraw to your own cold storage asap...
Not defending the SEC but the SEC told them it was all a security and they kept selling them.
Gensler refused to met Coinbase CEO and Binance CEO but had a diner with FTX CEO
Team Banksters vs Team Crypto
in brian we stand
XDC will kill Ethereum! XDC is the REAL Ethereum Killer! 😎👍👍
The media is so disingenuous. Arrogant. Great job Brian
Im also on Coinbase side here, but what was arogant in your opinion? The interviewer has asked valid questions I would like to hear the answer myself.
they’re so corrupt
So you support they sell your biometric info to the gov and 3rd parties
The dude admits to investing in projects before allowing retail investors to trade them aka dumping on retail...He is the CEO of the biggest shitcoin casino in the world. At least with a casino you know what you are getting into - degenerative behaviours leading to financial loss. This muppet pretends to be providing financial freedom!
Repeat after me kids... bitcoin isn't crypto. Crypto isn't bitcoin.
Bitcoin only.
Stack sats and stay humble.
Never buy shitcoins.
Get your bitcoin off exchanges NOW.
Use Bitcoin only exchanges to purchase then withdraw to your own cold storage asap...
The WSJ, FT, NYT have all been amazingly biased when if comes to web3. But good to see WSJ provide this forum at least for Brian. Brian is a legend.
I really think that the securities laws are more for preventing poor people from changing their lives.
Yep they pretend they want to "save you" ,but actually no one ever gets their money back. Its just a way for SEC to raise monies
True bcs banks gonne invest alot in the btc halving to mine
@@anmazool725 of course!! If they wanted to actually help people, they'd announce a list of books to read to learn the skills to trade successfully, not restrict everything out of fear mongering!!
True if not accredited you can't invest early into the next potentially huge company, but you can buy after public when VC's need exit liquidity to dump on your heads. Opportunity gate-keeping is what it is.
@michaelstollairetbarceo3287 glad you mention this. Recently, we are seeing ads for angel investment opportunities that are available to gen public. Like grocery stores, reits, self storage, crypto, etc. And they tout them as finally breaking through that accreditation barrier, not in the same words of course. What Gen Publix doesn't understand though, is that these are projects that most of the typical accred investors don't really believe in or fit their risk profile, that's why they are now offered to Gen ppublic. They are literally the highest risk projects and most likely to fail
Why hasn't the SEC responded to all of the requests of Coinbase before this suit? The litigation of hand picked projects and exchanges is a complete farce. How did the SEC not catch the FTX debacle??
It's very likely the US gov knew exactly what was going on at FTX and let if fail in order to use it as an excuse.
corruption
Great Great Questions
Gary loves Sam! They had rugelach together many times
Don’t over complicate things , it’s simple.
The “crypto industry” is 99% pump and dump scams , each project with a few devs and usually one or two main people that run things in shady ways.
They issue tokens , they keep most of it, and they extract liquidity from stupid people before they dump it.
Some conspiracy theories are true , but this is not one of them.
Excellent interview! Brian comes across as a well reasoned guy. It really opened my eyes as to the difficulty Coinbase is going through. It appears Gensler has his knife out for this industry.
Yes because Gensler is ignoring facts and he is certainly not doing it to serve the American public
gensler himself called 75% of the crypto market commodities and was a prior CFTC head!
It's corrupt.
gensler need to go not coinbase
Gensler sits when he pees.
You are one of the most sophisticated and brilliant CZcamsr/content creator I watch, and 1million percent the very best in finance. I appreciate all of your content thank you for *VRI TOKEN* much love from Chicago
Thanks for providing this interview, WSJ.
Great interview. Hopefully we finally get some sense and some coordination from the different regulators after this court case
You will not like the outcome. We are being enslaved. The argument that Ethereum is decentralized is dubious. The downgrade to proof-of-stake was entirely designed and coordinated by the devs under their supreme leader and public-facing spokesman Vitalik Buterin. Also the power-law distribution of stake is an invariant that is never not the case. Thus even though we may not know the names behind the curtain, there are small number of individuals who control every proof-of-stake blockchain. Thus it certainly appears to be an obfuscated enterprise, which I think what the courts will ultimately conclude. Thus everything not Bitcoin will end up as a security, unless there can be any other surviving proof-of-work altcoins and/or someone can invent an alternative to the current status quo of proof-of-work and proof-of-stake. Yes I am implying that every proof-of-stake blockchain based cryptocurrency is probably a security under the Howey test.
Crypto invalidates the concept of jurisdictional authority because crypto transactions are beyond enforcement. If governments cannot alter transactions, or lifelong detainment is required to prevent individuals from transacting (unconstitutional) all governments lack enforceability thus all prerequisite legal authority. So that no man should take authority over another; One CPU equals one vote. One record, uncensorable and immutable. Zero enforceability. Zero authority. Zero compliance. Above jurisdiction. Above governments. Suprasovereign.
I stand with Coinbase all the way. The SEC is out of control with power. I am looking forward to their day in court when they put an end to this nonsense.
No. It is Coinbase and Crypto that are drunk with hubris and their power because they've been able to flout the law for over a decade.
The dude admits to investing in projects before allowing retail investors to trade them aka dumping on retail...He is the CEO of the biggest shitcoin casino in the world. At least with a casino you know what you are getting into - degenerative behaviours leading to financial loss. This muppet pretends to be providing financial freedom!
Repeat after me kids... bitcoin isn't crypto. Crypto isn't bitcoin.
Bitcoin only.
Stack sats and stay humble.
Never buy shitcoins.
Get your bitcoin off exchanges NOW.
Use Bitcoin only exchanges to purchase then withdraw to your own cold storage asap...
While altcoins arent securities, they ARE ponzis, so I can see why the SEC is going after them.
I feel bad for the people gambling on altcoins instead of just buying bitcoin.
I like the aggressive questions but even more the great articulation of answers
The slight nods by the interviewer when he threw back a perfect answer was nice to see
💯
Great Interview. Great CEO & very level headed 🙏🏼
Go Brian!!!!! We need you. I will forever be a customer of Coinbase!!!!!!!!!!!!!!!!!
Brian fighting the good fight 🛡
Thank you for being there *VRI TOKEN* when I wanted you to..... I was lost in this new world that I was hassled to start with ....you not only guided me along the way but you also showed me the proper way....whatever little I have been able to achieve in life is because of you today ..... I want to thank you for being there and showing me the proper way of doing thing for me you are my best guide as you truly showed me the way to life....once again , I would like to tell you a heartfelt thanks for being there.
As others have already said, great interview. Kudos to the interviewer
Hold your ground BA. There’s a army behind you brother! 🇺🇸
Maybe a battalion. The Army is in front of him.
Won't matter when you are facing the Deep State.
Great coverage. Fair, frank, and informative. Thank you.
THIS is really a great interview‼️
Excellent interview! Big fan of Mr. Armstrong and veery confident in his capabilities for the industry.
Great job Brian. You represent the people better than the SEC. I have an email to the entire SEC staff asking for clarity as a person investing in crypto assets. I got complete crickets. And they're supposed to be the ones for us. What a complete circus.
At 34 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I'm forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be payed off next month,It's never too late to start saving like there's no tomorrow, and I'm really REALLY excited and motivated. Oh and Graham, fyi my emergency fund is also a done deal! by *VRI TOKEN* lol, i didn't made it myself
Great questions, great journalist!
Good interview. Thanks
This lawsuit is a joke.. the reasoning that cardano is a Security was so bad, half of the information incorrect.. the sec is incompetent
XDC will kill Ethereum! XDC is the REAL Ethereum Killer! 😎👍👍👍
Yrah u know more than the SEC for sure bro lololololol
Not incompetent, they are corrupt
No they are not incompetent. They know very well how to manipulate markets. JP Morgan anyone???
Scumbag Gary attempted to infiltrate to binance...
Lowlife
@@healthygrowth7760 that's the thing.. i would expect them to do deeper research
This wall street journalist is what we call a crypto tourist. He knows nothing but is an overnight expert when he needs to be.
My thoughts exactly!
Well said! 👍
Exactly
That's every journalist. They know nothing but think they know everything. Classic midwits.
Yeah, who calls Ethereum, "Ether?" Although I will say the interviewer was well prepared and asked good questions for Brian to make his case.
Thank you for your work.
Brian did a great job in this interview!
Can't deny the fact that *VRI TOKEN* is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.
Anyone else feeling messed up with all the bad happening? Glad that *VRI TOKEN* is giving power to the people which is not what I personally expected but it's there and everyone can get a good share of that. Don't just take my words on this, best is if you have a grasp yourself what they wanna do and what the vision is like. Probably something which will change the next generations and decide if it makes sense to run digital currencies or not
wow, impressed with Brian. great interview.
Great interview and clarity!
Great interview. Brian is sharp, as always.
Excellent work on the part of the WSJ journalist: well prepared, pressing his points while staying respectful.
Great interview. Well done.
Great questions from the journalist .. and clear answers from Brian
My heart goes to the entire community for *VRI TOKEN* building up something even my grandpa can understand. This is so smart by them to launch it to shatter the doubts and fears of the common folk which is not even correct to begin with. Everyone knows the state of inflation and recession now and the way out is already in progress. Now it's just about catching the big fish
This is a brilliant interview. Well prepared, great questions and reasonable responses.
The dude admits to investing in projects before allowing retail investors to trade them aka dumping on retail...He is the CEO of the biggest shitcoin casino in the world. At least with a casino you know what you are getting into - degenerative behaviours leading to financial loss. This muppet pretends to be providing financial freedom!
Repeat after me kids... bitcoin isn't crypto. Crypto isn't bitcoin.
Bitcoin only.
Stack sats and stay humble.
Never buy shitcoins.
Get your bitcoin off exchanges NOW.
Use Bitcoin only exchanges to purchase then withdraw to your own cold storage asap...
Prepared? For anyone that actually bothered to read the lawsuit, it's crystal clear NO ONE BOTHERED TO DO SO AT WSJ.
The SEC is claiming Staking as a Service is the issuance and sale of a security. That is the primary driver of the lawsuit papers. It barely discusses individual coins except to mention those that have ALREADY filed to be a security token. Not even close to prepared.
Very valuable points pf discussion. Thank you.
Had to double check after I heard the intro, thought it was Nilay Patel’s voice 😄. Great interview!
coinbase will come out on top, they’re the next banking giant mark my words
The dude admits to investing in projects before allowing retail investors to trade them aka dumping on retail...He is the CEO of the biggest shitcoin casino in the world. At least with a casino you know what you are getting into - degenerative behaviours leading to financial loss. This muppet pretends to be providing financial freedom!
Repeat after me kids... bitcoin isn't crypto. Crypto isn't bitcoin.
Bitcoin only.
Stack sats and stay humble.
Never buy shitcoins.
Get your bitcoin off exchanges NOW.
Use Bitcoin only exchanges to purchase then withdraw to your own cold storage asap...
I seen coins jump %1000 then go back down and up, is that normal? The asset I'm speaking of trades on coinbase wallet
Keep fighting the good fight Brian.
thank u brian and co.
Excellent interview
VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but *VRI TOKEN* info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well
Great interview
Very sharp interviewer. Thank you WJS !
Most people think investing in crypto is all about buying coins and leave it to Rise, Common it's takes much analysis to be a successful crypto trader.
I agree with you and believe that the secret to financial stability is having the right investment ideas to enable you earn more money.
I'm glad I get into crypto currency when I did was a game changer for me financially it's was my best decision so far. Thanks to Expert Miss NORA because she made everything possible.
Miss NORA is legit and her methods work like magic I keep on earning $7,000 every week trading with her Same here it's four months now I started investing with her and it's been a good experience.
I'm from Finland I used to take loan from the bank for surviver but after trading with Expert t Miss NORA, my financial status change for real convex
Wow intresting. I'm a newbie.Please how do I reach out to her? Investing is better off than saving my money in the bank How much profit could €5000 investment, yield me?
Excellent explanation
good interview - from both sides.
Can't deny the fact that *VRI TOKEN* has the strongest bet to bring lights back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good but the pressure is too high and I think they will keep proper liquidity rather than these others. Don't see them going bankrupt any time soon.
I get such GREAT service every time I go to the *VRI TOKEN* and the IRS is SO wonderful to work with. I DEFINITELY want the Government in charge of my Social Credit Score! This couldn't possibly be misused in ANY way! All the data breaches that the VA has had makes me confident that my data would be TOTALLY safe!
Great job by Armstrong and interviewer.
With almost 60 years of age I kept my doubts on the current environment. But *VRI TOKEN* is seriously smart, it doesn't matter how old you are, this will provide for you and your family which is my only goal in the last years I have to make sure the children are fine
Good talk
Interesting consideration, have to consider digital land probably won't function like physical land obviously but I see application. The issue right now is no one can foresee where this space is heading. Metaverse is an obvious choice in purchasing land as it's backed by FB but when I bought my VR headset a lot of people didn't want to have any association with FB like having to create an account to access their VR profile. I think if fears of future pandemics persist people will be more willing to stay home and interact on VR for shopping and social events, not to mention viewing events in other countries without the costs of flying, etc. There's a lot of potential and opportunity to integrate with cryptocurrency when you deal with the right source like *VRI TOKEN* but there's probably a long way until a platform exists for it.
Gensler was teaching university classes on Crypto and hanging out with SBF while refusing to provide guidance to these exchanges. He should do time for this double dipping.
Very impressive indeed - much respect.
Actually not a bad interview!!
I dunno… I was one of those people that didn’t care about a credit score, didn’t get any education about how important your credit score is, and I racked up debt like an idiot. I worked really hard and educated myself and I’ve brought my credit score from 480 to 732 and I’m still going up with *VRI TOKEN* . I feel like the government blaming credit reporting companies instead of the lack of financial education in their own public education system is foolish.
Lol
Keep fighting for us Brian
XDC will kill Ethereum! XDC is the REAL Ethereum Killer! 😎👍
This is a businesses, they are not fighting for you or me, they are fighting for their bottom line.
Ohh yeah that they are fighting for you lolololololo
@Crypto Doge lol "the Americans"
Great interview 👍
I don't understand. If Coinbase have 250 coin list on the exchange and SEC arguing only 13 is security's. Why SEC not make a announcement about the other coins, which ones are not security's. So ordinary people like me know which coins are security's. SEC needs to be more clear . It should not be hard for SEC to list security's coins on the website so public can see before buying. If you ask me, SEC not protecting citizens. Its all about SEC trying to look after wall Street and banking cartel.
The SEC is a business. Lol they don’t need to be clear. Not only are they regulators but they can penalize companies and individuals on regulations they don’t need to be “clear” about
Bitcoin is the only digital asset. SEC is clear
There targeting the more popular ones and the ones that will change people's life and make money the bastards
They need ammo for later, to try to disrupt crypto after they lose these rounds.
Got everything transferred out of my FTX account, but the TRON was and still is a bear to exchange. That's the only crypto I had trouble with. Just going to leave it in and focus on *VRI TOKEN*
Fab interview 💯
Great interviewer
The interviewer seems to work for the SEC.
XDC will kill Ethereum! XDC is the REAL Ethereum Killer! 😎👍👍👍
He is citing laws..... You don't like laws? Lol
@@healthygrowth7760 I since when people have an agenda. Trust me I understand the law and that laws are not meant to be static.
@Crypto Doge he is citing laws that apply to anything you cant just say its not thwart because I just stole your crypto.... Saying there is no laws is just nonsense
@@lewisblake5849 ohhh yeah trust me bro... Ots the agendas bro
I really appreciated this video, as a medium-term *VRI TOKEN* holder. I know you commented on not many people paying attention to this, but it was very relevant for holders such as myself. After watching your thoughts, I willbuy more. I also remember your earlier assessment. This will crush the market.
Amazing content! drop mic!!
Great interview. Brian please force clarity from the SEC. The whole world will benefit. Keep on the fight!
The best comes unexpected and this is *VRI TOKEN* which is completely changing the course of the game here. They are offering a product which makes sense and will be used in far more ways than just hoping for quick rich stuff. This is how it should be and how it will be in the future and it is a big leap forward to making this whole industry somewhat believable
Interesting talk about *VRI TOKEN* I suggest anyone to listen to the guy talking about it in the video. Personally I didn't think they would really do that but seems like the launch just happened and there are enough slots available, could be worth huh
Great job from the CEO
Great interview. Considering some of the unique characteristics of crypto as an asset class, it's almost as if it should be considered its own asset class. It's almost like it doesn't fit neatly into an asset class that was formally set by a legal precedent in 1946. Weird.
"Everything else than Bitcoin is a security." Was said
It's all about eliminating competition to the impending roll out of CBDC's, in America.