Brian Armstrong warns that UK’s proposed stablecoin regulations could restrict innovation and weaken its global financial standing, urging policymakers to adopt growth-oriented frameworks.
Coinbase CEO Brian Armstrong has reiterated concerns over the UK’s proposed stablecoin rules, arguing they could hinder innovation and undermine the country's role as a global financial hub. The draft measures, which include potential caps on holdings, were criticized for risking market competitiveness. Armstrong called on policymakers and citizens to support regulations that encourage blockchain development and interest-bearing stablecoins, stressing that overly restrictive policies may stifle the sector's growth.