Coinbase CEO Brian Armstrong emphasized his company’s commitment to compliance and trust-building in light of Binance’s significant fines and its CEO Changpeng Zhao stepping down after pleading guilty to criminal charges. Armstrong highlighted Coinbase’s long-term view, stating that compliance was crucial for establishing a trustworthy brand. He acknowledged the challenges of the compliant approach, noting that it’s more difficult and expensive. Despite facing regulatory scrutiny, particularly with the Securities and Exchange Commission, Coinbase sees the Binance situation as validation of its strategy. Coinbase’s Chief Legal Officer, Paul Grewal, criticized the U.S. regulation-by-enforcement approach, stating that it increases consumer risk and drives innovation away, emphasizing the need for legislation to ensure consumer protection and a responsible marketplace.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}