Brian Armstrong
๐ค SpeakerAppearances Over Time
Podcast Appearances
A couple examples of that where we put out this Mission First blog post back in the height of that activist area, and we said that we're not gonna do political activism inside the workplace, we're gonna focus on our mission, which sounds kind of obvious now, but at the time that was incredibly controversial.
When the SEC unlawfully, in our view, came out and tried to kill the crypto industry, we sued them.
A lot of people told me, oh my gosh, do not sue your federal regulator.
That's a terrible idea as a public company.
But I knew that the alternative was it would essentially have killed the industry in America, and I couldn't allow that.
So we did sue them, and we won.
So that was a contrarian view.
You know, I would say, actually, this market structure bill last week was another example of that, where I read through the draft text.
Our lawyers were looking at it.
And I said, this is wrong.
This would harm consumers in America.
To me, it's un-American and it's unethical for regulatory capture to happen.
I don't care how many bank lobbyists there are or whatever.
You can't come in and write a bill that enshrines the incumbent and creates an unlevel, tries to ban their competition.
I'm just not gonna stand for that.
I have zero tolerance and I'm gonna say it publicly.
And it pissed some people off, but I think it's gonna help us get to the right outcome on this bill and I feel that's the kind of leadership that I wanna exemplify in the world.
Well, I mean, if they don't have at least 5% of their net worth in Bitcoin, they're probably going to be pretty sad.
So I think the last 10 years, Bitcoin was the best performing asset class.
A lot of people missed out, but it's still early days.