Reported about 19 hours ago
Coinbase CEO Brian Armstrong announced that the platform sees the creation of 1 million new cryptocurrencies each week, making it impractical to evaluate each listing individually. He advocates for a regulatory shift towards a 'block list' approach to streamline this process, highlighting the challenge for regulators who cannot feasibly assess such a high volume of applications. The company, valued at $74 billion since going public in 2022, continues to grow and calls for clearer cryptocurrency regulations to ensure compliance.
Source: YAHOO