'Talk to your lawyer': Coinbase CEO recounts 'icy' meeting with SEC Chair Gensler
Coinbase CEO Brian Armstrong said he last met with SEC Chair Gary Gensler during an “icy” virtual meeting after several other efforts to meet in person had failed.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Coinbase CEO Brian Armstrong said he last met with Gary Gensler, the chair of the U.S. Securities and Exchange Commission, during an"icy" virtual meeting after several other efforts to meet in person had failed.
After several additional attempts in the following year, Armstrong said a virtual meeting was scheduled, possibly because of Covid precautions. "It was frankly like a pretty icy reception, I would say," Armstrong said."We sort of came in hat in hand and said 'hey, Chair Gensler, you've asked people to come in and register. Respectfully, we're here to register. What would you like us to do? What process would you like us to go through?' And his response was, 'Talk to your lawyer. I'm not here to advise you.
The comments came a day after the SEC sued Coinbase for allegedly violating U.S. securities laws, the latest move in a
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