Coinbase CEO Calls for Flexible Crypto Rules as Altcoin Launches Soar

Brian Armstrong, CEO of Coinbase is calling for more flexible regulations as the exchange struggles to keep up with the large number of new altcoins. He mentioned that about one million tokens are launched weekly, making it hard to evaluate them all individually. Coinbase is reviewing its listing process, where a dedicated team checks each altcoin for legal, compliance, and security standards. Looking ahead, Armstrong aims to adopt a new approach where all tokens are allowed by default. Projects would be blocked if they receive poor customer feedback or exhibit concerning on-chain activity.