Coinbase Invites Banks To Build Competitive Web3 Products
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Coinbase CEO Brian Armstrong criticizes U.S. banks for undermining competition under the Clarity Act. He urges traditional banks to develop competitive Web3 products for the 52 million U.S. crypto users, citing a consensus on a potential deal among industry and banking stakeholders.
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- Coinbase CEO has called out U.S. banks for trying to kill competition under the current Clarity Act.
- Armstrong has invited traditional banks to build competitive Web3 products for the 52 million U.S. crypto users.
- A consensus among the industry and banking members is that a deal will be made in the coming days.
Coinbase Global Inc. (NASDAQ: COIN) CEO Brian Armstrong has condemned the banking industry. As the negotiations among the stakeholders continue, Armstrong has called out traditional banks for attempting to kill competition through the current Clarity Act.
Coinbase CEO Invites U.S. Banks to Crypto on Good Faith
In an interview with CNBC, Armstrong invited the entire banking industry to build competitive Web3 products. Furthermore, Armstrong stated that it is clear that the American voters want crypto to update the siloed traditional financial system.
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