Brian Armstrong News

Cryptocurrency giant Coinbase said on Friday that the SEC has agreed to drop its 2023 lawsuit against the company, signaling that the Trump administration is delivering on a campaign promise to end tight oversight of the industry.

Subscribe to enjoy similar stories. Brian Armstrong, CEO of the biggest U.S. crypto company, was having coffee with former U.K.

Trump welcomed a wide range of industry players including Zach Witkoff, one of the founders of the president's own crypto business, World Liberty Financial, his social media posts showed.

Donald Trump to the White House raises hopes of friendly regulations and these assets attaining the status of reserves, said the participants in a panel discussion at the World Economic Forum.

Cryptocurrency firm bosses are optimistic about the changes of comprehensive federal rules for the industry passing this year now that Donald Trump, who is a backer of bitcoin, returned to the White House.

Donald Trump’s inauguration this month, the latest sign that the industry is trying to bolster its relationship with the president-elect ahead of his return to the White House. OpenAI chief executive officer (CEO) Sam Altman plans to go to the swearing-in ceremony on JanU 20, said a company spokesperson. Meta Platforms Inc. CEO Mark Zuckerberg also plans to go to the event, according to a person familiar with the matter, who spoke on condition of anonymity to discuss private information. A spokesperson for Meta declined to comment. Uber Technologies Inc. CEO Dara Khosrowshahi will be at some of the surrounding festivities, according to the company. Uber also plans to host an inauguration party in Washington with Elon Musk’s X social media firm and The Free Press, a media company.

Cryptocurrency assets have surged in the week since Donald Trump was re-elected President, as the industry looked ahead to what Coinbase (COIN) CEO Brian Armstrong on Tuesday called the «dawn of a new crypto era.»

Subscribe to enjoy similar stories. Bernie Moreno was celebrating Tuesday night at La Centre, a banquet center in the Cleveland suburbs, when he got a call from Brian Armstrong, Brad Garlinghouse and a handful of other crypto executives. The Republican had just defeated three-term Sen.

In the Nov. 5 races, 48 out of 48 candidates backed by crypto’s biggest political action committees were declared winners as of midday Friday morning. In eight races where votes are still being counted, the PACs’ preferred candidate is ahead in all but three.

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Cryptocurrency exchange giant Coinbase reported total revenue reached $1.4 billion with net income amounting to $36 million in the second quarter beating analyst expectations.

Sundar Pichai and Microsoft’s Satya Nadella – did not make it to the list.On Monday, C-Suite Comp released two lists of the highest-paid CEOs based on two metrics: “total compensation granted" in 2023 and “compensation actually paid."Nikesh Arora, 56, was ranked number four on the list of “Highest earning CEOs in the US by total compensation granted in 2023" with earnings of $151.4 million and was on the 10th spot in the list of “Highest earning CEOs in the US by compensation actually paid in 2023" with an annual compensation of $266.4 million.Tesla CEO Elon Musk topped the list with a staggering earnings of $1.4 billion in 2023. 1- Tesla’s Elon Musk - $1.4 billion2- Palantir Technologies’ Alexander Karp - $1.1 billion3- Broadcom’s Hock Tan - $767.7 million4- Coinbase Global’s Brian Armstrong - $680.9 million5- Oracle’s Safra Catz - $304.1 million6- Airbnb’s Brian Chesky - $303.5 million7- TPG’s Jon Winkelried - $295.1 million8- Trade Desk’s Jeff Green - $291.7 million9- Applovin’s Adam Foroughi - $271.3 million10- Palo Alto Networks’ Nikesh Arora – $266.4 millionArora’s stellar career includes stints at Google and SoftBank Group.

Coinbase is spending $2m on ads aimed at Latino voters and consumers, part of the crypto industry’s effort to get supportive politicians in power.

The money, which comes on the heels of a $25 million donation from Ripple, means that Fairshake and its affiliates have raised to $160 million in this election cycle, making it one of the largest Super PACs.Coinbase has a strict no-politics policy but, says CEO Brian Armstrong in a blog, "when it comes to our mission of increasing economic freedom by growing the adoption of cryptocurrencies, we are deeply engaged in policy efforts".Armstrong claims that 52 million Americans have owned crypto but: "For too long, some congressional leaders who are out of touch with their constituents have attempted to eliminate the crypto industry from the US."Last summer, Coinbase was sued by the SEC for operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency.The industry secured another win last week when the House of Representatives passed the Financial Innovation and Technology for the 21st Century Act despite opposition from the Biden Administration and SEC chair Gary Gensler.The bill establishes a regulatory framework for digital assets, covering areas such as consumer protections, the use of crypto in illicit finance, but still faces an uncertain future in the Senate.Armstrong cites the bill as an example of recent progress but says, "the best way to get regulatory clarity in democratic countries is to elect pro-crypto candidates on both sides of the aisle, and to vote anti-crypto candidates out of office".

Coinbase, the largest crypto exchange in the United States, has announced a donation of $25 million to the pro-crypto super PAC Fairshake.

The crypto industry has made a record $94 million in political donations since 2023 in an effort to support pro-crypto governance.

Kathryn Haun, a former Assistant U.S. Attorney and partner at Andreesen-Horowitz, has announced plans to step down from Coinbase’s board.

Satoshi Nakamoto: The enigmatic creator of Bitcoin, Satoshi Nakamoto, remains a mystery to this day. Nakamoto's invention of Bitcoin and the underlying blockchain technology laid the groundwork for the entire cryptocurrency ecosystem. While Nakamoto's true identity remains unknown, their vision for a decentralized digital currency has had a profound impact on the world.