Fund Manager: Regulation Rumors Not Likely to Affect Bitcoin in Long Term

Yesterday, the chief executive of top Bitcoin exchange Coinbase, Brian Armstrong, revealed that the U.S. Treasury is likely targeting Bitcoin. Armstrong elaborated that he thinks this could have extremely negative effects on the space. Still, Kyle Samani, a managing partner at Multicoin Capital, doesn’t see this as a concern for Bitcoin’s rally. Coinbase CEO Talks Bitcoin Regulation Rumors Yesterday, the chief executive of top Bitcoin exchange Coinbase, Brian Armstrong, released a thread alleging impending regulation of the space. He wrote that his company received credible rumors that the U.S. Treasury is in the midst of pushing out a regulation that will require all digital asset exchanges to prove users own the address they want to withdraw to. “Last week we heard rumors that the U.S. Treasury and Secretary Mnuchin were planning to rush out some new regulation regarding self-hosted crypto wallets before the end of his term. I’m concerned that…

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