, Columnist
Can't the Crypto Crowd See the Scars From 2017?
Bitcoin evangelists and other cryptocurrency advocates are doing themselves no favors by lashing out at regulators.
Remember the past?
Photographer: Sean Gallup/Getty Images EuropeThis article is for subscribers only.
Coinbase Global Inc. boss Brian Armstrong has long believed that the adoption of digital currencies like Bitcoin would resemble a straight arrow towards progress — much like the internet’s development from a web of interlinked computers to a whole economy of applications and businesses.
Yet his angry tweet storm against the U.S. Securities and Exchange Commission on Sept. 8, after its behind-the-scenes threat to sue Coinbase if it launched an interest-earning product called Lend, makes clear that crypto’s trajectory isn’t going to be so straightforward.