Coinbase CEO: SEC chairman may be replaced in 2024; company hopes to donate to pro-crypto presidential candidates

Odaily News Coinbase CEO Brian Armstrong revealed the company’s next step in an exclusive interview with Yahoo Finance. He mentioned that the Coinbase team is working on “flatcoin” (a better form of money created through cryptocurrency that resists censorship and tracks consumption). or prices to maintain purchasing power or close to purchasing power). Armstrong said that although Coinbase has not yet set foot in this area, it is very interested in it. Additionally, Armstrong said there are several ways for the crypto industry to gain more clarity, such as through the courts, Congress and the CFTC. He also hinted that there may be a new SEC chairman in 2024. Armstrong believes that it will definitely help the crypto industry if Gary Gensler no longer serves as SEC chairman. Armstrong also pointed out that cryptocurrency may be a hot topic in the 2024 US election, and Coinbase hopes to donate to presidential candidates who support cryptocurrency.