Brian

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/brian-armstrong-advocates-ethical-standards-in-crypto-law" data-wpel-link="internal" rel="noopener noreferrer nofollow">Brian Armstrong Advocates Ethical Standards in Crypto Law</a><br></p>
<p style="text-align: justify">Brian Armstrong, the CEO of Coinbase, has voiced strong opinions on the necessity for cryptocurrency companies to steer clear of law firms that employ former regulatory officials. His remarks particularly targeted Milbank LLP for its association with Gurbir S. Grewal, a former official at the U.S. Securities and Exchange Commission (SEC).</p>
<h2 id="what-actions-did-grewal-take-at-the-sec">What Actions Did Grewal Take at the SEC?</h2>
<p style="text-align: justify">During his time at the SEC, Grewal was instrumental in enforcing actions against more than 100 cryptocurrency businesses. Armstrong noted that Coinbase has decided to sever ties with Milbank LLP due to Grewal’s role there and insisted that the crypto sector is united in its stance against such law firms.</p>
<h2 id="why-is-ethical-conduct-important-in-crypto">Why is Ethical Conduct Important in Crypto?</h2>
<p style="text-align: justify">Armstrong maintained that this approach should not be mistaken for “cancel culture.” He argued that standing against ethical breaches is crucial for sustaining trust within the industry. “Attempting to destroy an industry without publishing clear rules is an ethical violation,” he stated.</p>
<ul>
 <li>Armstrong condemns law firms employing former regulators with questionable histories.</li>
 <li>He emphasizes the importance of ethical conduct to maintain industry trust.</li>
 <li>Armstrong calls for a collective effort to avoid funding those who have acted improperly.</li>
</ul>
<p style="text-align: justify">Armstrong’s statements illustrate a pivotal moment for the cryptocurrency sector as it reassesses its interactions with regulatory entities. This dialogue may play a significant role in shaping future regulatory frameworks and partnerships, as the industry strives to enhance its credibility and navigate potential regulatory hurdles.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/brian-armstrong-advocates-ethical-standards-in-crypto-law" data-wpel-link="internal" rel="noopener noreferrer nofollow">Brian Armstrong Advocates Ethical Standards in Crypto Law</a></h5>

Brian Armstrong Advocates Ethical Standards in Crypto Law

Table of Contents

BH NEWS

Other articles published on Dec 5, 2024

Discover FatBot – The Trading Bot Simplifying Crypto for Everyone

Mercado Bitcoin Launches MBRL Stablecoin Pegged to Brazilian Real on the TRON Blockchain

IOTA, XRP, and DOGE Shine in Altcoin Season as Google Trends Hit Peak Levels

Best Performing Crypto Today: Top Picks for Maximum Gains

Floki Takes Valhalla to India with Ambitious Marketing Campaign

Crypto startups ousted as Ponzi Schemes by US are thriving in Dubai

Join our free newsletter for daily crypto updates!