Coinbase CEO Criticizes Senate Democrats' DeFi Regulation Proposal

Brian Armstrong, CEO of Coinbase, has condemned a Senate Democratic proposal to regulate decentralized finance (DeFi) platforms, calling it a 'bad proposal' that threatens innovation in the U.S. crypto industry. His comments underscore the ongoing conflict between regulatory efforts and the fast-paced evolution of the cryptocurrency market, stressing the necessity for balanced legislation that fosters growth while protecting consumers.