Coinbase CEO on What a ‘Modern Day Howey Test for Cryptocurrency’ Might Look Like

Earlier this week, Brian Armstrong, Co-Founder and CEO of crypto exchange Coinbase, shared his thoughts on crypto regulation in the U.S. In a blog post published on 19 December 2022, Armstrong said that, in the wake of the collapse of crypto exchange FTX, the U.S. and other major jurisdictions needed to take the aforementioned steps to “restore trust”: “Create regulatory clarity for centralized actors“ “Enforce a level playing field“ “Let innovation happen in decentralized crypto“ With regard to the issue of regulatory clarity, Armstrong stated: “Perhaps the most complex point that needs clarity is around which crypto assets are commodities