Coinbase CEO Brian Armstrong addressed the state of the crypto cycle, emphasizing that the market tends to flip every two years between irrational exuberance and despair. Coinbase is focused on the fundamental indicators, separating the signal from the noise, and sees an opportunity in the despair phase. Armstrong notes that the number of software developers working in crypto has doubled since 2020, and many major brands have started integrating Web3 and NFT technology into their products, which will require customers to use a crypto wallet. Coinbase is positioned to benefit as a result.

Coinbase CEO Brian Armstrong is well on his way to fulfilling a pledge to sell company stock to fund his new ventures.

Brian Armstrong, the chief executive officer of United States-based cryptocurrency firm Coinbase, is looking for lawmakers and regulators to discuss regulatory clarity in the crypto space.

Brian Armstrong, the chief executive officer of the Coinbase cryptocurrency exchange, said on Twitter Monday that the company will “happily defend” its staking services in court against claims that they need to be classified as securities. Coinbase, which trades on the Nasdaq, is the biggest crypto exchange in the U.S. Its shares last traded at US$57.09 on Friday, down 2.5%. Grewal said that staking is not a security under the U.S. Securities Act nor under the Howey test, the latter of which the U.S. Securities and Exchange Commission (SEC) uses to determine whether an investment contract is a security. (forkast)

Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users to “participate directly in running open crypto networks.”

Coinbase CEO Brian Armstrong said on Feb. 8 that his company has heard rumors that the United States’ main securities regulator intends to ban staking.

A U.S. district judge has dismissed a lawsuit against Coinbase and its CEO Brian Armstrong filed by customers of the crypto exchange. The lawsuit alleges that Coinbase sold 79 crypto tokens that are unregistered securities. (Bitcoin.com)

With Coinbase's shares are at an all-time low, CEO Brian Armstrong sent out a memo to staff reassuring them that unlike other struggling or failed crypto exchanges, their company would persevere.

Brian Armstrong (<a href="https://twitter.com/brian_armstrong/status/1599159873232842758">@brian_armstrong</a>) Co-founder &amp; CEO at <a href="https://twitter.com/Coinbase">@Coinbase</a>&nbsp;on Twitter:"&nbsp; I don't care how messy your accounting is (or how rich you are) - you're definitely going to notice if you find an extra $8B to spend. Even the most gullible person should not believe Sam's claim that this was an accounting error. It's stolen customer money used in his hedge fund, plain and simple."