JPMorgan CEO Goes Nuclear On CLARITY Act, Calling Coinbase’s Armstrong ‘Full ...
As lawmakers advance the crypto bill closer to completion, JPMorgan CEO Jamie Dimon attacked Coinbase CEO Brian Armstrong and criticized the CLARITY Act on Friday. Dimon Predicts Clash Over CLARITY Act Speaking at the Reagan National Economic Forum, Dimon said banks “will not accept” the CLARITY Act in its current form. He also suggested that efforts by crypto proponents are unlikely to produce a broad consensus with traditional financial institutions. “It will be fought. No one’s gonna bow down to this guy, or that company,” Dimon said, referring to the act and Armstrong. Dimon....
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Bitcoin exchange Coinbase will now include Bitcoin Classic as a means to block confirmation by running Bitcoin Classic nodes. The news was revealed by CEO Brian Armstrong following the fork’s announcement of a new code that pushes for doubling the blocksize to 2MB. In a Twitter post today, Coinbase CEO Brian Armstrong revealed that the bitcoin exchange will now integrate Bitcoin classic nodes. Armstrong also pushed for adoption of Bitcoin Classic among users via his personal Twitter account, calling the effort as a means to “help Bitcoin scale.” The announcement via a tweet came with....
The Office of the Comptroller of the Currency handed Coinbase a national bank trust charter last week — a major regulatory win that came as the crypto exchange’s CEO was ramping up pressure on Congress to finalize long-stalled digital asset legislation. Related Reading: XRP Eyes $17 After Massive Breakout—Is A 1,100% Surge Next? Armstrong Reverses Course On Clarity Act Brian Armstrong, who pulled Coinbase’s backing from the Digital Asset Market Clarity Act back in January, is now calling on lawmakers to pass it. In a post on X, Armstrong said the bill, as it stands after months....
Brian Armstrong expects other revenue streams to take the lead in five or 10 years. Coinbase CEO Brian Armstrong has addressed the platform’s transaction fees as the company's shares list on Nasdaq today.In a CNBC Squawk Box interview on Wednesday, Armstrong discussed public concerns associated with Coinbase’s massive returns coming from transaction fees. As previously reported, nearly 96% of Coinbase’s entire revenue in 2020 was generated from transaction fees charged to users.When asked about the potential impact of greater competition on transaction fees on Coinbase, Armstrong said that....
Brian Armstrong, CEO and co-founder of Coinbase, has called for the activation of segwit, a controversial protocol update of the bitcoin network which adds further transaction capacity while largely fixing transaction malleability to pave the way for the Lightning Network. Armstrong stated segwit is “prob[ably] the best path forward for bitcoin at this point,” before calling on everyone to “come together and move forward as an industry. Activating SegWit can help us get there and it has a number of good features.” His statement was in reply to Charlie Lee, Litecoin’s founder and Director....
Coinbase’s Chief Policy Officer, Faryar Shirzad, said in a Thursday interview with FOX Business that meaningful progress is being made on the long-delayed CLARITY Act, the crypto market-structure bill that has been stuck in Congress for nearly five months. Potential Markup As Early As This Month During the interview, Shirzad described recent developments as encouraging. […]