Amid this transformation, software developer Vincent Van Code highlighted a striking moment on social media following a post by Brian Armstrong, the CEO of Coinbase. After Armstrong described how quickly and cheaply cryptocurrency can move funds internationally, Vincent Van Code publicly thanked Ripple and XRP, crediting the technology for helping make such a financial breakthrough possible.

Brian Armstrong Highlights Crypto’s Payment Efficiency

Armstrong’s message captured the core promise of blockchain-based payments. The Coinbase CEO remarked that someone can send money from the United States to Australia faster than it takes to write a tweet—and do so for less than a cent in fees.

His statement stands in stark contrast to the legacy financial system. Traditional international bank transfers often take several days to settle because banks rely on correspondent networks and multiple intermediaries. Each step introduces additional costs and delays, particularly when payments are sent between different countries or regions.

Thanks Ripple and XRP https://t.co/Rs7LIJygMB

— Vincent Van Code (@vincent_vancode) March 10, 2026

Blockchain technology removes many of these intermediaries. Distributed networks validate and settle transactions directly, enabling faster and significantly cheaper transfers between participants anywhere in the world.

Why Ripple and XRP Entered the Conversation

In response to Armstrong’s comment, Vincent Van Code pointed to Ripple and XRP as technologies that helped pioneer fast and affordable cross-border payments.

Ripple has spent more than a decade building enterprise blockchain solutions designed specifically for global financial institutions and payment providers. Its technology allows banks and fintech companies to move funds internationally with minimal friction while maintaining transparency and security.

At the center of this ecosystem lies the XRP Ledger, a decentralized blockchain built to process financial transactions at high speed. The network typically settles transactions within three to five seconds while maintaining extremely low fees. These characteristics make XRP one of the earliest digital assets designed for real-time global liquidity.

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The XRP Ledger’s Role in Cross-Border Finance

The XRP Ledger enables users to transfer value quickly across currencies and borders without relying on centralized intermediaries. It also includes a built-in decentralized exchange that allows seamless asset conversions within the network.

Financial institutions and payment providers across regions such as Asia-Pacific and Latin America have adopted Ripple’s infrastructure to streamline international transfers. These integrations allow businesses to settle payments far more efficiently than traditional banking rails.

Ripple has also expanded its ecosystem with new institutional tools, including digital asset custody services and the U.S. dollar-backed stablecoin RLUSD, which enhances liquidity for blockchain-based payment flows.

A Broader Shift Toward Blockchain Payments

Armstrong’s observation highlights a broader industry shift: blockchain networks now function as practical financial infrastructure rather than experimental technology.

For developers like Vincent Van Code, the efficiency described by the Coinbase CEO represents years of innovation finally reaching mainstream recognition. His response underscores a growing belief within the crypto community that platforms such as Ripple and the XRP Ledger helped lay the groundwork for a future where sending money globally becomes as fast and effortless as sending a message online.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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The notification directed him to the Coinbase support page for assistance, but according to Eddequiouaq, the instructions on the support page looped him back to the initial restriction message, leaving him without resolution.

out of the blue, @coinbase restricting my account

(1) restriction instructions: please visit support page

(2) support page: please follow restriction instructions

worst customer support experience pic.twitter.com/RUvuNbQkHm

— Nass Eddequiouaq (@nassyweazy) November 28, 2024

Growing Frustration in the Community

Other users quickly echoed their grievances with Coinbase and similar platforms. One user commented about Coinbase misdirecting him to contact Solana customer service for a problem within Coinbase’s jurisdiction, calling the experience “utter madness.”

Another shared an issue with Kraken, a competing exchange, where his account was abruptly closed. Despite assurances of compliance, including keeping information updated over three years, he was informed that the reason for closure could not be disclosed for privacy reasons.

He speculated the scrutiny might stem from using a Ukrainian passport for Know Your Customer (KYC) processes, despite living outside Ukraine for over 15 years.

Eddequiouaq responded to this user, highlighting that regulated centralized exchanges (CEX) like Coinbase and Kraken might only withhold such information if money laundering, terrorism financing, or sanctioned activities were involved.

While Centralized Exchanges are a crucial part of the crypto ecosystem and often support struggling assets, problems like these frustrate investors, especially when kept in the dark.

Eddequiouaq was not the only one with complaints about Coinbase. One user shared his inability to speak with Coinbase support even after holding on to the chat line for four hours.

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Coinbase CEO Weighs In

Eddequiouaq’s post drew Coinbase CEO Brian Armstrong’s attention. He apologized for the inconvenience, stating that he would look into it.

Taking a look – apologies

— Brian Armstrong (@brian_armstrong) November 28, 2024

This drew some criticism from community members, as one user revealed that he had faced issues for longer periods but had not gotten a response from Armstrong or a resolution from the exchange.

According to him, Coinbase froze his account in 2020, and it stayed that way for ten months, with no updates provided throughout the ordeal. He vowed never to use the platform again.

Coinbase, like other exchanges, operates within a highly regulated environment, often requiring strict adherence to anti-money laundering (AML) and counter-terrorism financing (CTF) laws.

However, the company’s opaque processes and lack of timely communication have alienated users, especially those whose accounts are restricted or frozen without detailed explanations.

Fred Rispoli, a well-known attorney in the crypto space suggested suing Coinbase, and many others suggested self-custody of keys and digital assets to ensure full control and avoid similar situations.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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This sentiment was echoed by Ripple CEO Brad Garlinghouse, who shared Armstrong’s call for a change in the regulatory approach toward digital assets.

Armstrong’s statement reflects mounting frustration within the crypto sector regarding the U.S. Securities and Exchange Commission’s (SEC) perceived inconsistencies and aggressive regulatory actions.

A response from a Twitter user, Timothy of Eugene, captured a common sentiment among some digital asset advocates, suggesting not only an apology but also accountability measures.

He called for serious consequences, including federal penalties for former SEC figures such as Gary Gensler, William Hinman, and Jay Clayton, labeling certain enforcement actions as “wanton” and harmful to businesses and investors. This response underlines the depth of distrust within parts of the digital asset community toward the SEC’s regulatory approach.

Conflicting SEC Statements on Digital Assets

Armstrong’s statement comes amid a backdrop of SEC statements on digital assets that have caused confusion and frustration. In a chart documenting various SEC statements over recent years, the inconsistency in the agency’s position on digital assets is evident. This lack of a clear stance has been cited by stakeholders as a primary factor in their frustration.

Key Issues and Inconsistencies

Is a Digital Asset a Security? The SEC’s position on whether digital assets qualify as securities has shifted over time. In 2018, the agency indicated that a digital asset “all by itself is not a security.” However, by 2021, it described digital assets as potentially embodying or representing an investment contract, suggesting they could indeed be classified as securities. This interpretation was once again altered in 2024, with the SEC first asserting that digital assets could represent an investment contract but then backtracking eight months later, declaring that a digital asset “itself” is not the security. Such discrepancies in classification contribute to the broader uncertainty surrounding SEC enforcement actions.

Is Bitcoin a Security? While the SEC stated in 2023 that it has never claimed Bitcoin to be a security, the agency’s recent commentary has muddied the waters. In 2024, the SEC reportedly provided no definitive answer on Bitcoin’s status as a security, suggesting that the question lacks a straightforward response. Shortly after, however, the agency affirmed that Bitcoin is “not a security.” This evolving position has left market participants unsure of how Bitcoin’s regulatory status might impact similar digital assets.

Can the SEC Regulate Digital Asset Exchanges? The SEC’s authority over digital asset exchanges has been another area of conflicting messaging. In 2021, the SEC acknowledged that there was no designated market regulator for crypto exchanges. By 2022, however, the agency asserted that Congress had provided it with a “broad framework” for regulating exchanges. This shift suggests an expansion in the SEC’s claimed regulatory jurisdiction, further complicating the regulatory landscape for digital asset platforms.

Is Existing Law Clear? The SEC’s stance on the clarity of existing securities law has also vacillated. In 2020, it expressed uncertainty, stating there was “no certainty” regarding whether digital assets were securities. Conversely, by 2023, the SEC claimed that a clear regulatory framework had been built over the past 90 years. This reversal raises questions about the stability and predictability of the SEC’s regulatory guidance, further fueling criticism from the digital asset sector.

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Industry Leaders Call for a New Regulatory Approach

The SEC’s shifting regulatory narrative has led Armstrong, Garlinghouse, and others to call for a reevaluation of the agency’s approach to digital asset regulation. The lack of regulatory clarity has resulted in a series of lawsuits and enforcement actions, often perceived as punitive or arbitrary.

Armstrong’s demand for the SEC to “withdraw all frivolous cases” suggests a growing desire for a regulatory reset, where enforcement would be grounded in consistent, transparent standards.

Garlinghouse, who shared Armstrong’s statement, has a vested interest in this matter, as Ripple has been embroiled in a protracted legal battle with the SEC. Ripple’s case has become emblematic of the broader issues faced by digital asset companies operating under regulatory uncertainty in the United States.

Ripple’s defense has frequently pointed to what it considers arbitrary regulatory actions, arguing that the SEC’s lack of consistent guidance has unfairly penalized the company.

The Path Forward for Digital Asset Regulation

The SEC’s inconsistent stance on digital assets and related issues has underscored the need for a coherent regulatory framework that balances investor protection with innovation.

While the SEC has stated that existing securities laws provide sufficient guidance, recent comments and actions indicate that the agency may lack a consistent framework for categorizing and regulating digital assets.

This inconsistency has led to calls for Congress to step in and establish clear, sector-specific regulations. Whether the SEC will heed this call remains uncertain, but the demand for regulatory clarity and fairness could remain a central issue as the digital asset space grows.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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The SEC lawsuit alleges that these tokens, which form a small fraction of the 240 assets available on the platform, are unregistered securities.

Read Also: Charles Hoskinson Announces Ambitious Goal to Onboard 5 Million People to Cardano Lace Wallet

In a recent interview with the financial times, Armstrong described the delisting of Cardano (ADA) and the other tokens as “the worst-case scenario” but downplayed the potential impact of such a move, suggesting that their delisting would not pose a substantial loss of revenue or present an existential crisis for the company.

Armstrong also dismissed the idea that Coinbase could relocate to more crypto-friendly countries amid ongoing regulatory scrutiny in the United States, contrary to recent speculation spurred by the firm’s procurement of a license in Bermuda. He emphasized that Coinbase has no backup plan for relocating its operations and is committed to staying in the country.

The SEC lawsuit is a major setback for Coinbase which has been one of the most vocal supporters of the crypto industry. However, Armstrong’s comments suggest that the company is prepared to weather the storm and continue to operate in the U.S., even if it means delisting some of its most popular tokens.

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Read Also: Top Analyst: Cardano (ADA) To Surge 2500% in the Next Bull Run, $7.8 Will Be Minimum ATH

The Future of Cardano (ADA) and Other Tokens

The future of ADA and the other tokens that are facing delisting is uncertain. However, Armstrong’s comments suggest that they may still be able to trade on other exchanges, even if they are not available on Coinbase.

It is also possible that the SEC lawsuit will be resolved in favor of Coinbase, in which case the tokens would be allowed to remain on the platform. Howbeit, it is too early to say what the ultimate outcome of the case will be.

In the meantime, investors who hold Cardano (ADA) and the other tokens that are facing potential delisting should be aware of the risks involved and should consult with a financial advisor to determine the best course of action.

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According to Coinbase CEO Brian Armstrong, the securities regulator also instructed the exchange to delist the over 200 tokens it offers on its trading platform, including Shiba Inu (SHIB), Cardano (ADA), and Solana (SOL), among others.

Read Also: XRP Lawsuit: SEC Chair Unpleased with XRP Non-Security Status for Retail Investors

In a conversation with Financial Times, Armstrong said, “The SEC made the recommendation before launching legal action against the Nasdaq-listed company last month for failing to register as a broker.”

Recall that on June 6, the SEC filed a lawsuit against Coinbase for allegedly breaching federal securities law by simultaneously operating as a broker, an exchange, and a clearinghouse for unregistered securities.

According to FT, Coinbase CEO said, “They came back to us, and they said. . . we believe every asset other than bitcoin is a security. And, we said, well how are you coming to that conclusion, because that’s not our interpretation of the law. And they said, we’re not going to explain it to you, you need to delist every asset other than bitcoin.”

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Read Also: Here’s why Top Lawyer Bill Morgan Thinks Ripple CEO is Confident of a Win in XRP Lawsuit

Armstrong revealed that the instruction from the SEC left the crypto exchange with no choice but to head to court to seek interpretation of the laws that guide securities in the United States.

The SEC, on the other hand, told FT that its enforcement division did not formally request companies to delist crypto assets, stating that during investigations, the staff may share its own view as to what conduct may raise questions for the commission under securities laws.

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The CEO made this known after Coinbase received a Wells Notice from the Securities Watchdog in March, which stated that the agency was preparing to file an enforcement action against the exchange for allegedly violating securities laws in the country.

Read Also: What Coinbase CEO Brian Armstrong Has To Say about Ripple-SEC Case

In a new interview with CNBC, Armstrong stated that the exchange did not receive any notification before the notice was issued.

The CEO added that the SEC failed in its responsibility to establish clear standards for the crypto market, making the court the last resort for the needed clarity.

In the course of the conversation, Armstrong made it clear that Coinbase is prepared for a lengthy battle with the SEC in case the lawsuit will take years to conclude, such as that of Ripple in relation to XRP security status.

He’s also optimistic that the exchange has all it takes to win the SEC in court.

Brian Armstrong noted:

“Over the last year, we had 30 meetings and never got a single piece of feedback from them about what we could be doing better or differently and then this Wells Notice arrived, so it’s really unfortunate…

“I think we’re gonna have to actually end up going to court to get the clarity we need and create that case law. It’s an abdication of responsibility. I mean, the regulator’s job is to publish a fear rulebook and allow that market to be safe, also to flourish in that country and I think they’ve completely abdicated responsibility…

Read Also: Ripple’s Brad Garlinghouse Welcomes Brian Armstrong to the Party as SEC Threatens to Sue Coinbase

“We never seek litigation but it seems in this case that they have initiated it and if we need to get the courts to get the clarity that we need, we’re very prepared to do that…

“I think the law is on our side and the SEC has to follow rule of law. I think their actions would not be sympathetic to a jury and so we’re very prepared for this. We’re going to court to win. Just to be clear, I think we have a very strong case and that’s exactly what we intend to do.”

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The charges leveled against Coinbase include breach of fiduciary duty, intentional misinterpretation fraud, negligent misrepresentation, constructive fraud, conversion, common count, negligence, and violation of unfair competition law among others. 

Dallas Woody, an XRP digital token holder, filed this class action lawsuit against Coinbase and its Chief Executive Officer Brian Armstrong on Friday, individually and on behalf of all others similarly situated.

In 2020, the Flare Networks team promised FLR airdrop to XRP holders whose balances were recorded at the time of the December 2020 snapshot exercise. Likewise, the team also announced its plans to airdrop another token Songbird (SGB) to XRP holders in July 2021. XRP holders eligible for the SGB airdrop are those who were part of the FLR airdrop snapshot in December 2020.

The long-anticipated FLR airdrop was finally released on January 12 after two years to several supporting crypto exchanges including Binance and Coinbase to distribute to their qualified users. But following the amount of FLR tokens airdropped to eligible XRP holders, several XRP holders including Ripple CTO David Schwartz frowned at the Flare Networks team.

Related: Ripple CTO David Schwartz: There Is No Remaining FLR Airdrop Balance For XRP Holders Anymore

Notably, while Binance and other exchanges have completed the distribution of the FLR and SGB airdrops to its eligible users, the U.S.-based crypto exchange Coinbase is yet to do so. As earlier reported by Timestabloid, most supporting exchanges disclosed that the FLR airdrop will be distributed to qualified users within two weeks of the FLR Token Distribution Event (TDE). 

But Coinbase said that it would issue the FLR airdrop tokens within the first half of 2023, adding that FLR trading will be available to only its supported jurisdictions excluding Germany, Japan, New York, and Singapore. 

Concerning the Songbird (SGB) token airdrop, Coinbase has been mute too. This compelled an XRP holder named Preston Newsom to launch a petition against the popular U.S.-based crypto exchange in November 2022.

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This move was revealed in a now-deleted petition first published on Mirror.xyz. Although the CEO of Brian Armstrong was not on the list, he has since condemned the move in a series of tweets today, tagging it “really dumb on multiple levels.”

Read Also: Coinbase Unveils New DApp Wallet and Browser for Ethereum Network

1/ This is really dumb on multiple levelshttps://t.co/k6fATRXvHn

— Brian Armstrong – barmstrong.eth (@brian_armstrong) June 10, 2022

According to the petition, Coinbase should oust Chief Operating Officer Emilie Choi, Chief Product Officer Surojit Chatterjee, and Chief People Officer LJ Brock. An archived copy of the petition can be found on the Internet Archive’s Wayback Machine.

The petition reads in part:

“We the employees at Coinbase believe that the executive team has recently been making decisions that are not in the best interests of the Company, its employees, and its shareholders. COO Emilie Choi, CPO Surojit Chatterjee, and Chief People Officer LJ Brock have been the most prominent executives who have been executing plans and ideas that have led to questionable results and negative value.”

The employees accused the top officials of executing plans and ideas that have led to questionable results and negative value. In the petition, the employees listed eight different accusations leveled against the top officials, including the failure of the Coinbase NFT platform and the over-prioritization of certain products, which has led to a lack of focus on other important issues like infrastructure.

In response to the employees’ petition, Brian Armstrong stated that any employee that has no confidence in the executives or CEO should rather quit instead of making a scene.

Read Also: What Coinbase CEO Brian Armstrong Has To Say about Ripple-SEC Case

In a series of tweets, Brian Armstrong noted:

“First of all, if you want to do a vote of no confidence, you should do it on me and not blame the execs. Who do you think is running this company? I was a little offended not to be included.

“Second, if you have no confidence in the execs or CEO of a company then why are you working at that company? Quit and find a company to work at that you believe in!

“Third, making suggestions on how to improve the company is a great idea (in fact, we expect everyone to be a part of that). But our culture is to praise in public, and criticize in private.

“Fourth, posting this publicly is also deeply unethical because it harms your fellow co-workers, along with shareholders and customers. It’s also dumb because if you get caught you will be fired, and it’s just not an effective way to get what you claim to want.

“Be aware of our own psychology – in any down market, people want to start pointing fingers and find someone to blame. This is not just in companies btw – countries see increased polarization when things are down.

“Recognize this mental trap and don’t fall into it – teams have to pull together and act as one company during difficult periods, not turn on each other. Remember, the enemies are not within, everyone around you is an ally.

“There is probably lots we can be doing better, but if you’re at a place where you want to leak stuff externally then it’s time for you to go. You’re hurting yourself and those around you.

“While we’re at it – let me address the dot collector piece (since this was probably leaked by someone feeling similarly, or maybe even the same person). I was shocked to see how much play this got, for such a small thing in the org.

“We have tested lots of different HR tools/vendors over the years and are constantly looking at new ones. We had two teams try out this tool for a quarter (i think) and found people didn’t use it much, and when they did most of the feedback was positive.

“So we weren’t planning on using it. A non-event from my POV. Then someone leaks this and it creates a run of news (and misinformation). People feeding on fear in an unhealthy way.

“The only thing that’s interesting here is that the confluence of a down market and the size we’re at means we’re now going to have small number of individuals in the org who think it’s interesting to leak stuff externally and see how much attention it can get.

“Sad to say, but this is going to happen periodically given the size we’re at.

“Remote work can exacerbate this also I think, and it’s part of why we try hard to get teams together in person periodically. Being physically separated each day can contribute to this unhealthy us vs them mentality. People forget we’re on the same team.

“Anyway – 99.9% of the company has important work to do, so if you can stop distracting us that be great and we will get back to work building cool stuff!

“If you’re unhappy about something, work as part of the team to raise it along with proposed solutions (it’s easy to be a critic, harder to be a part of the solution). If you can’t do that and you’re going to leak/rant externally then quit. Thanks!”

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In a recent All-In Podcast interview, Armstrong slammed the SEC for classifying relatively all cryptocurrencies as securities.

Read Also: Brad Garlinghouse Speaks On How Ripple Would Respond If the Case Fails To End in Favor of XRP

Contrary to SEC’s claim, Coinbase CEO said not all digital currencies are securities, stating that some are commodities, while some others are currencies.

Brian Armstrong noted

“Treating every cryptocurrency under the same regulations would not make sense. Some cryptocurrencies, such as Bitcoin and Ethereum, might be a commodity, and Stablecoins may be a currency.”

According to Coinbase CEO, cryptocurrencies are different in nature. So, SEC shouldn’t be the only regulator overseeing the crypto market as some digital currencies may not fall under its jurisdiction.

Armstrong added that cryptos that are categorized as currencies are supposed to be subject to regulatory oversight by the Treasury, while digital currencies regarded as communities should be regulated by the Commodity Futures Trading Commission (CFTC).

“Commodities, securities, and currencies must each have a separate set of regulations and regulatory bodies. Commodities are overseen by the Commodities Futures Trading Commission (CFTC), securities by the Securities and Exchange Commission (SEC), and currencies by the Treasury, Brian Armstrong stated.

Read Also: Former SEC Executives Clayton and Hinman Sued For Corrupt Role Played In Ripple and SEC Legal Battle

It should be noted that the SEC has over the years depended on the 1946 Supreme Court’s decision in the case between SEC v. W.J. Howey Co., which is widely known as the Howey test. It’s used to determine whether a transaction should be registered with the SEC as an investment contract or security.

According to the Howey Test, a transaction should be considered a security if people who paid for it expect to make a profit through it over a period of time.

In a recent interview, Ripple CEO Brad Garlinghouse said he believes that the SEC is abusing the Howey test to the detriment of innocent investors.

Garlinghouse said, “I think that the Howey Test is being stretched beyond recognition.”

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Since Russia’s Army invasion began, Ukraine has received massive support from the crypto community through donations in crypto worth millions of dollars.

Recall that Ukraine, through its Vice-Prime Minister Mykhailo Fedorov, asked crypto exchanges to block addresses of Russian and Belarusian politicians, including ordinary users.

Read Also: Ethereum (ETH) Donations to Ukraine’s Government Rapidly Increase after Airdrop Announcement

Mykhailo Fedorov tweeted, “I’m asking all major crypto exchanges to block addresses of Russian users. It’s crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users.”

I'm asking all major crypto exchanges to block addresses of Russian users.

It's crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users.

— Mykhailo Fedorov (@FedorovMykhailo) February 27, 2022

Some major crypto exchanges, including Binance, Coinbase, and Kraken, found the request too costly since many ordinary Russians are clearly against Putin’s action. Lots of Russians claimed that the President is only representing his personal interest and not that of the citizens of Russia.

Crypto is a Lifeline for Ordinary Russians

Coinbase Chief Executive Brian Armstrong, took to Twitter to explain why the exchange refused to act on Ukraine’s Government request and why it’s nearly impossible to circumvent sanctions using crypto.

In the thread of tweets, he explained that every US-based company is under obligation to follow the law irrespective of the form of currency handled by the company.

Brian Armstrong noted:

“Every US Company has to follow the law – it doesn’t matter if your company handles dollars, crypto, gold, real estate or even non-financial assets. Sanctions laws apply to all US people and businesses.”

“So it would be a mistake to think crypto businesses like Coinbase won’t follow the law. Of course we will. This is why we screen people who sign up for our services against global watchlists, and block transactions from IP addresses that might belong to sanctioned individuals or entities, just like any other regulated financial services business.”

Read Also: Russian Invades Ukraine, Ethereum Co-Founder Tweets in Russian: “This is a crime against the Ukrainian and Russian people”

Armstrong further stated that it’s nearly impossible for Russian oligarchs to use crypto to evade sanctions because it’s easier to trace huge transactions of crypto than when U.S Dollars cash, art, gold, or other assets are involved.

Most importantly, he said crypto has been serving as a lifeline for ordinary Russians due to the collapse of their currency. He pointed out that many of them are obviously not happy with what is currently happening in Ukraine. So, blocking their addresses would hurt them.

However, Armstrong made it clear that if the United States government decides to impose a ban, Coinbase will not hesitate to comply.

Brian Armstrong tweeted, “Some ordinary Russians are using crypto as a lifeline now that their currency has collapsed. Many of them likely oppose what their country is doing, and a ban would hurt them, too. That said, if the US government decides to impose a ban, we will of course follow those laws.”

8/ Some ordinary Russians are using crypto as a lifeline now that their currency has collapsed. Many of them likely oppose what their country is doing, and a ban would hurt them, too. That said, if the US government decides to impose a ban, we will of course follow those laws.

— Brian Armstrong – barmstrong.eth (@brian_armstrong) March 4, 2022

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