SEC Coinbase demand would have meant ‘end of crypto in the US’
Brian Armstrong says the SEC asked Coinbase to stop trading on every asset but bitcoin shortly before it sued the company.
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Brian Armstrong says the SEC asked Coinbase to stop trading on every asset but bitcoin shortly before it sued the company.
Read more (2 min) →According to its creator, the new Brian Armstrong tweet archive should focus on the years 2015 to 2018 when he "posted all the spicy takes."
The trader placed $100K in options bets against Coinbase on Monday morning. The company's share price dropped nearly 19% just 24 hours later.
Since late December, Coinbase insiders have sold more than 500K shares for just over $26 million while only 57K shares have been bought.
Armstrong says that Coinbase needs to reduce expenses to increase its chances of doing well in every scenario.
Brian Armstrong says he's bullish on crypto, but eyebrows were raised when it was revealed he's sold all of his Coinbase common stock.