Coinbase CEO Brian Armstrong spoke with CNBC on Capitol Hill Thursday about his opposition to a landmark crypto regulation bill, which had its vote postponed after the CEO’s objections. The legislation, unveiled on Monday by the Senate Banking Committee, would place crypto tokens into categories such as securities or commodities, though Armstrong said the bill has too many issues and Coinbase will not support it.
“We can’t really have banks come in and try to kill their competition at the expense of the American consumer,” Armstrong said.
