Binance fallout ‘opportunity to start a new chapter for this industry’: Coinbase CEO

Amid guilty pleas by Binance and its founder, Changpeng Zhao, Coinbase CEO Brian Armstrong said the developments could spur greater regulatory certainty going forward.  

“Today’s news reinforces that doing it the hard way was the right decision,” Armstrong said in a Tuesday X post.

The post came at roughly 3 pm ET — the original scheduled time for a Department of Justice press conference to announce “significant cryptocurrency enforcement actions.”

Read more: Yellen: Historic Binance settlement “sends message” to crypto industry

According to an indictment unsealed Tuesday, Zhao agreed to step down as chief executive and will plead guilty to “violating and causing a…

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