Coinbase CEO Criticizes US for Lack of Crypto Regulation

The CEO of Coinbase, Brian Armstrong, has published an article in which he has again criticized the US leadership, which is delaying the legalization of the cryptocurrency market.

According to him, China will be in a winning position. The Celestial Empire creates a system for global trade. It will be based not only on the supply of goods, but also a new financial infrastructure will appear that uses the possibilities of blockchain technologies.

Digital currencies can be used as a means of mutual settlements, and a new system of relations will be formed without the participation of the United States.

If the US government does not change policy and accelerate the development of a regulatory framework for the industry, then in a few years the country will have to spend billions of dollars to catch up with the leaders of the digital economy, he said.