Brian Armstrong, CEO of Coinbase, criticized the government’s overreach and lack of transparency amid the ongoing tussle between the cryptocurrency industry and regulatory bodies. What Happened: On Monday, Armstrong raised concerns about the “political capture” of government agencies, which emboldens them to make decisions on matters beyond their jurisdiction. “This is part of the problem with big government – it tends to get captured politically and start painting outside the bounds of the law,” Coinbase’s top executive said. “If you have small government, there is nothing to capture.” The cr…
