Coinbase CEO Brian Armstrong has recently addressed the current regulatory approach enforced by the U.S. government in an interview with Bloomberg. Armstrong believes that “staking” services should not be registered as a security under the jurisdiction of the Securities and Exchange Commission (SEC). He stated that Coinbase is simply providing a service that passes through coins to help customers participate in staking, which is a decentralized protocol.

Armstrong also noted that Coinbase has a “good relationship” with regulators in the U.S., Europe, Asia, and Canada. He believes that the crypto industry needs a clear set of rules to stay within the regulatory parameters so that customers can be provided with good consumer protection.

In addition, Armstrong is excited about the launch of Coinbase's latest product, “Base,” an Ethereum Layer 2 (L2) network. He believes that many firms are looking into how to integrate crypto into their financial services, including major firms such as JP Morgan, Visa, Mastercard, and Franklin Templeton.

Coinbase has also launched a pro-crypto policy campaign in all 435 U.S. congressional districts called “Crypto435” to introduce “modern” regulatory policies for the crypto industry. The company’s stock, traded under the COIN ticker, has been growing steadily amid newly released inflation data. Despite the recent growth, COIN stock has been trading sideways and in the red for the past 24 hours, down 0.16%.

Armstrong is “quite bullish” on the USDC stablecoin, which peer-to-peer payment technology company Circle, a Coinbase partner, is issuing. He believes that the future of crypto needs to be built in the U.S. with a clear regulatory environment that will allow the U.S. financial system to grow.

Coinbase CEO Brian Armstrong is advocating for a clear set of rules to ensure that customers are provided with good consumer protection. He is also excited about the launch of Coinbase's latest product, “Base,” and believes that the future of crypto needs to be built in the U.S. with a clear regulatory environment. Coinbase's stock has been growing steadily amid newly released inflation data, and Armstrong is “quite bullish” on the USDC stablecoin.