- Coinbase CEO Brian Armstrong and Twitter founder Jack Dorsey engage in an exchange discussing Bitcoin and Lightning Network.
- Armstrong emphasizes Coinbase’s role in onboarding more people to Bitcoin.
- Dorsey acknowledged and appreciated Coinbase’s contributions to Bitcoin’s adoption.
In one of his recent tweets, Coinbase CEO Brian Armstrong responded to Jack Dorsey’s question on why he was continuing to ignore Bitcoin and Lightning. In his response, Armstrong stated that they are actively exploring Lightning integration while acknowledging the complexity of the process. He expressed his enthusiasm for the potential growth of Bitcoin payments.
The CEO also highlighted Coinbase’s significant role in onboarding more people to Bitcoin compared to any other company worldwide. He was also puzzled as to why Dorsey would think that Coinbase was ignoring Bitcoin.
Dorsey acknowledged and appreciated Coinbase’s contributions to Bitcoin’s adoption. In response, he also suggested that Coinbase focus more resources on Bitcoin and layer 2 technologies. He extended an invitation to collaborate, emphasizing the importance of an open protocol for internet money transmission, free from centralized control.
The exchange between the CEOs sheds light on ongoing efforts within the crypto community to enhance Bitcoin’s usability and accessibility. Both Coinbase and Square are recognized for their contributions to the cryptocurrency ecosystem.
Dorsey and Armstrong are two of the largest cryptocurrency players in the US. Particularly, Coinbase has been quite vocal in pushing for a clearer crypto regulatory framework in the US.
In a Financial Times interview on July 31, Armstrong reportedly claimed that the Securities and Exchange Commission (SEC) had requested the delisting of nearly 250 tokens from the exchange before filing a lawsuit against them.
According to Armstrong, the SEC’s stance was that “every asset other than Bitcoin is a security,” and they allegedly instructed Coinbase to remove all such assets from their platform.
However, Coinbase has refuted a report suggesting that Armstrong made the statement about the SEC’s request to delist all cryptocurrencies except for Bitcoin. The exchange denies any such communication from the United States securities regulator.
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