Odd Lots

Transcript: Brian Armstrong on the Challenges Facing Crypto

Surviving crypto winter and a regulatory onslaught.

Brian Armstrong, chairman and chief executive officer of Coinbase Global Inc., during an interview in New York, US, on Wednesday, March 1, 2023. Armstrong said crypto can help improve the American financial system and discussed working with lawmakers to come up with a "clear rule book."Photographer: Victor J. Blue/Bloomberg

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By Joe Weisenthal and Tracy Alloway

March 6, 2023 at 7:16 PM UTC

This article is for subscribers only.

Crypto is currently two distinct, but related challenges. The first is the bear market. The crypto winter. Coin prices are way down from where they were a year ago. The other challenge is regulatory. When people lose a lot of money, law enforcement enters the scene. And we've definitely seen a pickup on this front, with more civil and criminal actions having been taken against perceived bad actors. So how does the CEO of the pre-eminent US crypto exchange Coinbase handle this environment. This transcript has been lightly edited for clarity.