Coinbase’s CEO on the Future of Crypto

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The Wall Street Journal

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4.2 • 5.3K Ratings

🗓️ 8 July 2024

⏱️ 20 minutes

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Summary

After high-profile collapses and government crackdowns, Coinbase CEO Brian Armstrong is one of the last big digital-asset founders standing. He speaks with Ryan Knutson about taking up the mantle, clashes with the SEC and the future of crypto. Further Listening: - The Trial of Crypto’s Golden Boy - The Fall of (Another) Crypto King Further Reading and Watching: - Who Is Brian Armstrong? Coinbase CEO Is Taking On the SEC - Coinbase CEO Says He’ll Challenge the SEC for ‘Clarity’ on Crypto Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	For years there were three giants in crypto, Sam Bakeman-freed, the founder of FTX,
0:12.0	Cheng Pen-Jao, the founder of BX, Changpan Jao, the founder of Binance, and Brian Armstrong, the founder of
0:16.6	Coinbase. These companies, all crypto exchanges, allowed people to buy, sell, and store
0:22.9	cryptocurencies.
0:24.7	And for two of these CEOs, Bankman Freed and Cheng Penchow,
0:29.1	who is known as CZ.
0:30.9	There's been a lot of bad news over the past few years.
0:34.0	One of the largest exchanges in the world,
0:36.0	FTX, collapse this week after a chain reaction set off by a leak document
0:41.0	that raised questions about the company's finances.
0:43.9	The head of cryptocurrency company Binance has pleaded guilty to failing to maintain an effective
0:49.4	anti-money laundering program.
0:51.4	Binance founder, a CZ, sentenced to four months in prison
0:55.2	on anti-money laundering charges.
0:57.0	FTX founder, Sam Bankman Freed,
0:59.1	was sentenced to 25 years in federal prison.
1:01.2	All this. 25 years in federal prison.
1:08.0	All this has left only one crypto titan still standing. Coin-based CEO Brian Armstrong.
1:13.0	How did it feel to watch those two other CEOs, Sand Bankman Freed and CZ,
1:17.8	get sentenced to prison time?
1:20.0	It was cathartic in a way
1:22.6	i spoke to brian late last month
	...

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