Coinbase withdrew support for digital‑assets bill over consumer, competition concerns

Coinbase CEO Brian Armstrong told CNBC that the company withdrew its backing for a sweeping digital assets bill.

Armstrong said the firm pulled support after finding provisions in the bill that could have harmed consumers and stifled competition.

He made the comments in an interview with CNBC about the company’s decision regarding the proposed legislation.

Key Topics

Crypto, Coinbase, Brian Armstrong, Digital Assets Bill, Consumer Protection, Market Competition