Coinbase CEO Brian Armstrong claimed that enforcement-based legislation drives the business offshore, but his claims have infuriated some cryptocurrency community members. Armstrong made his remarks in a Twitter thread on Tuesday, during which the founder lashed out at the political and regulatory environment in the United States. That alone was enough to incite rage in several people. One of the strongest policy arguments for cryptocurrency is that it's a national security issue. The US missed on semiconductors and 5g which is now largely manufactured offshore. It can't afford to have cryptocurrency go offshore as well. (same for every country btw) — Brian Armstrong (@brian_armstrong) September 20, 2022 Leaving the United States Behind In recent years, the American technology manufacturing sector has fallen behind rivals in Asia, such as China, Taiwan, and South Korea. Armstrong finds a comparison in the world of cryptocurrencies. According to Armstrong, the United States is in danger of falling behind and becoming weaker due to onerous regulations. Armstrong said, “One of the strongest policy arguments for cryptocurrency is a national security issue. The U.S. missed on semiconductors and 5G, which is now largely manufactured offshore. It can’t afford to have cryptocurrency go offshore.” Coinbase CEO claims that regulation through enforcement “has a severe chilling effect” and that “a substantial chunk of crypto expertise, as...
Top Altcoins to Buy this Crypto Market Crash
