Coinbase Exits Industry Lobbying Group in Protest Over Recent Unspecified ‘Decisions’
Coinbase CEO Brian Armstrong (CoinDesk archives)
Coinbase Exits Industry Lobbying Group in Protest Over Recent Unspecified ‘Decisions’
Coinbase has withdrawn from industry lobbying group the Blockchain Association. The move comes a day after crypto exchange rival Binance.US joined the group.
- “Recent decisions made by the association and its board seem at odds with the association’s mission,” a Coinbase spokesperson told CoinDesk without elaborating on what those decisions are. Coinbase holds one of the eight Blockchain Association board seats.
- “We believe that decisions made now have the potential to irreparably impair the credibility of the Association and make it increasingly difficult for it to achieve its goals and those of its members,” the spokesperson said.
- The Blockchain Association did not immediately respond to a CoinDesk request for comment.
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