Coinbase CEO Brian Armstrong on the Two Big Challenges Facing Crypto
Odd Lots
Bloomberg
4.4 • 1.6K Ratings
🗓️ 6 March 2023
⏱️ 49 minutes
🧾️ Download transcript
Summary
Crypto is facing two distinct, yet related problems. First, a bunch of people have lost money due to the decline in coin prices and the collapse of major firms, such as FTX. At the same time, regulatory scrutiny is also increasing. And of course, the reason that scrutiny is increasing is in part due all the lost money. So how is the industry dealing with all this? On this episode of the podcast, we speak with Brian Armstrong, the co-founder and CEO of Coinbase, the biggest crypto exchange in the US. He talks about the trajectory of the industry, where he sees it going, the impediments it faces, and much more.
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| 1:07.2 | Hello and welcome to another episode of the AdLots podcast. I'm Joe Weisenthal. |
| 1:22.8 | And I'm Tracy Alloway. So Tracy, obviously a lot going on in crypto, but I would say the two |
| 1:29.2 | big things are like, I guess the crypto winter. There's been some recovery, but obviously |
| 1:34.8 | all the coin prices are way lower than they used to be. And then there's just everything going on |
| 1:40.0 | on the regulatory side. Yeah, it's sort of a double whammy for the industry. And I guess it's hard, |
| 1:45.2 | it's hard to determine causality when it comes to price and extra regulation coming in, but yeah, |
| 1:51.2 | it is not a great time for crypto. Well, I would say that the historical patterns would suggest |
| 1:59.0 | the regulators like to come in after people have lost money, after people have lost money in |
| 2:03.5 | scams, their investments go down. So it kind of makes sense that you see the uptick in regulation |
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