Coinbase CEO Brian Armstrong Criticizes Regulatory Overreach: 'Nothing To Capture In Small Government'
Coinbase CEO Brian Armstrong Criticizes Regulatory Overreach: 'Nothing To Capture In Small Government'
This is part of the problem with big government – it tends to get captured politically and start painting outside the bounds of the lawBrian Armstrong, CEO of Coinbase, criticized the government's overreach and lack of transparency amid the ongoing tussle between the cryptocurrency industry and regulatory bodies.
Coinbase首席执行官布莱恩·阿姆斯特朗批评在加密货币行业与监管机构之间持续的争斗中，政府的过度扩张和缺乏透明度。
What Happened: On Monday, Armstrong raised concerns about the "political capture" of government agencies, which emboldens them to make decisions on matters beyond their jurisdiction.
发生了什么：周一，阿姆斯特朗对政府机构的 “政治占领” 表示担忧，这使他们有胆量就其管辖范围以外的事项做出决定。
"This is part of the problem with big government – it tends to get captured politically and start painting outside the bounds of the law," Coinbase's top executive said. "If you have small government, there is nothing to capture."
Coinbase的高管说：“这是大政府问题的一部分——它往往会被政治抓住，开始在法律范围之外行事。”“如果你有一个小政府，没有什么可捕捉的。”
This is part of the problem with big government – it tends to get captured politically and start painting outside the bounds of the law
— Brian Armstrong (@brian_armstrong) November 4, 2024
If you have small government, there is nothing to capture.
这是大政府问题的一部分——它往往会被政治抓住，开始在法律范围之外作画
— 布莱恩·阿姆斯特朗 (@brian_armstrong) 2024 年 11 月 4 日
如果你的政府规模很小，就没有什么可捕捉的。
The critical remark came in response to Coinbase's legal head Paul Grewal's claims about the Federal Deposit Insurance Corporation (FDIC) instructing banks to halt or refrain from offering cryptocurrency-banking services.
这一批评言论是对Coinbase法律负责人保罗·格鲁瓦尔关于联邦存款保险公司（FDIC）指示银行停止或不提供加密货币银行服务的说法的回应。
"So far we've uncovered more than 20 examples of the FDIC telling banks to "pause" or "refrain from providing" or "not proceed" with offering crypto-banking services. The public deserves transparency, not an agency that's working behind a bureaucratic curtain," Grewal wrote in an X post.
“到目前为止，我们已经发现了20多个联邦存款保险公司要求银行 “暂停” 或 “避免提供” 或 “不继续” 提供加密银行服务的例子。公众应该得到透明度，而不是一个在官僚主义幕后工作的机构。” 格鲁瓦尔在X帖子中写道。
The FDIC didn't immediately return Benzinga's request for comment.
联邦存款保险公司没有立即回复本辛加的置评请求。
Why It Matters: Armstrong's comments come in the wake of Coinbase's ongoing legal battle with the SEC and the FDIC. The cryptocurrency behemoth sued these agencies over attempts to hinder the industry's access to the banking sector and failing to comply with Freedom of Information Act requests.
为何重要：阿姆斯特朗的评论是在Coinbase与美国证券交易委员会和联邦存款保险公司持续进行法律斗争之后发表的。这家加密货币巨头起诉了这些机构，理由是企图阻碍该行业进入银行业以及未能遵守《信息自由法》的要求。
Armstrong has previously criticized the SEC for its inconsistent positions on matters such as whether digital assets qualify as securities and if the SEC has the authority to regulate cryptocurrency exchanges. He said that the SEC's approach has caused confusion and undermined trust in regulatory clarity for digital assets.
阿姆斯特朗此前曾批评美国证券交易委员会在数字资产是否符合证券资格以及美国证券交易委员会是否有权监管加密货币交易所等问题上的立场不一致。他说，美国证券交易委员会的做法引起了混乱，削弱了人们对数字资产监管清晰度的信任。
Coinbase is the largest cryptocurrency exchange in the U.S., allowing trading for coins such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and many more. The platform facilitated trades worth over $2 billion over the last 24 hours, according to CoinGecko.
Coinbase是美国最大的加密货币交易所，允许交易比特币（加密货币：BTC），以太坊（加密货币：ETH）等硬币。根据CoinGecko的数据，该平台在过去24小时内促进了价值超过20亿美元的交易。
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