“I Would Fire Coinbase CEO If He Worked For Me”: Kevin O’Leary
Kevin O’Leary criticizes Coinbase CEO Kevin O’Leary criticized Coinbase CEO Brian Armstrong for taking on the SEC. The financial regulatory enforcement agency on Tuesday sued the US-based firm for acting as an exchange, a broker, and a clearing agency without registering with the regulator. Coinbase also offered and sold securities without registering its offers and sales, the SEC has alleged. In an interview with Yahoo Finance, Kevin O’Leary said, Armstrong is a pioneer but if he worked for me, I’d fire him. I don’t want to go to war with SEC Chair Gary Gensler. O’Leary further added that if he were on the board or a shareholder of Coinbase , he would have withdrawn his money. Welcoming the SEC crackdown on Coinbase , he said he had no interest in putting money towards a service that was “at war” with the SEC. The shark tank claims to have lost $15 million on now defunct crypto exchange FTX, whose founder is charged with multiple criminal and civil offenses. Coinbas...