Coinbase CEO Brian Armstrong says proposed crypto tax rule makes no sense
The crypto exchange boss is the latest to decry plans to enact sweeping changes to cryptocurrency tax reporting in the United States. Coinbase CEO Brian Armstrong is the latest crypto figure to come out against the wording of the proposed changes to cryptocurrency taxation in America.Tweeting on Wednesday, Armstrong stated that the provisions included in the crypto taxation proposal could have a “profound negative impact” on the U.S. crypto space and could force digital innovation to move overseas.As previously reported by Cointelegraph, amendments to crypto taxation rules were a....
Related News
Apple’s App Store policies, according to Brian Armstrong, CEO of Coinbase, have impeded the company’s product plan. He blamed Apple for prohibiting features from their app and overall being unfriendly to the crypto business. Brian Armstrong Bashes Apple On a recent episode of the Superstream Podcast, Coinbase’s CEO and co-founder Brian Armstrong chastised Apple for […]
The U.S. regulators are currently investigating FTX.US, Coinbase and Binance in the wake of the collapse of the FTX global crypto exchange. Coinbase CEO Brian Armstrong was not delighted with the news about the United States regulators looking into FTX.US along with Coinbase and Binance.US in the wake of the FTX crisis.Armstrong said that the enforcement action against U.S.-based companies for the irregularities committed by an offshore crypto exchange that fall out of the jurisdictions of U.S. regulators makes no sense.Armstrong’s comments came in response to Senator Elizabeth Warren’s....
Brian Armstrong strongly argues that China’s Central Bank Digital Currency will pose a threat to the U.S. Armstrong see the CBDC as a move that will disrupt the United States reserve currency in the long run. According to Coinbase CEO Brian Armstrong, he has already discussed his concerns with heads of agencies and lawmakers. Brian […]
It’s time for Brian Armstrong to make his move. While other billionaire CEOs try to buy bankrupt crypto companies on the cheap, the Coinbase leader is focusing his sights on hard science. To announce his new endeavors Brian Armstrong visited Tim Ferriss’ podcast. In that interview, he expanded on the deep topics that the companies he’ll fund deal with. Make no mistake, though. The real announcement was that Brian Armstrong is selling Coinbase stock. I’m sharing this as I want you to hear it from me first. — Brian Armstrong (@brian_armstrong) October 15, 2022 In a recent Twitter....
Coinbase CEO Brian Armstrong feels pretty confident about the outcome of a block size hard fork. In fact, he’s willing to bet $5,000 that “Bitcoin’s first hard fork works out just fine.” In a Medium post by the Coinbase founder, Armstrong declares that the code will not be a split and is merely upgrading. Brian Armstrong has been very vocal about the....