A16z, Coinbase push back on SEC investment adviser rule proposal

📆 10.05.2023 00:57:00
📰 TheBlock__

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A16z says SEC custody tweak would ban investment advisers managing $128 trillion from exchanges like Coinbase

Andreessen Horowitz has complained to the SEC that proposed new regulations could prevent investment advisers from using centralized crypto exchanges.

Centralized exchanges operate the largest and deepest markets for crypto, and Coinbase isn’t happy about it either.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Venture capital firm Andreessen Horowitz complained to the U.S.

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Coinbase CEO says company will stay in U.S. and fight ‘anticrypto’ SEC in courtCoinbase CEO Brian Armstrong said the SEC was engaged in a “lone crusade” to “curtail” the crypto industry, while the regulator indicated that it would likely bring an enforcement action against $COIN for securities-law violations.
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