Coinbase CEO Calls for More Crypto Regulation to Avoid FTX Situation

Per CNBC

In an opinionated piece, Coinbase CEO Brian Armstrong said crypto markets need regulation. This is to avoid what happened to FTX.

The Coinbase CEO said that although they do not have exposure to FTX, they still sympathize with everyone involved.

Brian Armstrong explained the FTX situation saying it was a result of "risky, unethical business practices, including conflicts of interest between deeply intertwined entities, and decisions to lend customer assets without permission."

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