Coinbase promotes crypto benefits via a TV ad campaign

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Brian Armstrong tells people about the potential benefits & use cases of Crypto & blockchain technology, through TV advertisements.

Coinbase is an American crypto exchange, which trades on the Nasdaq exchange under index COIN. In the US, this exchange is a top-ranked regulated crypto firm but still facing legal hurdles with the country’s regulatory body US SEC, over unclear reasons. 

On 22 May 2023, The Coinbase team informed the crypto Twitter community that the Coinbase exchange is running a crypto promotion campaign via TV advertisement in Washington DC, the capital of the USA. 

Through the two minutes video, Coinbase CEO Brian Armstrong talked about cryptocurrencies’ needs and said the world needs more economic freedom & we have to update our existing traditional financial system with crypto & blockchain technology use.

It is worth it to note that Coinbase is under huge legal stress in the US, probably because of crypto staking & particular crypto assets trading services. 

In March of this year, the United States Securities and Exchange Commission (SEC) sent a Wells Notice to Coinbase & hinted that the regulatory body may initiate charges over potential violation of federal securities laws. So far it is unconfirmed why the SEC body is against the Coinbase exchange’s services. While the Coinbase executives confirmed that the Coinbase team approached the SEC staff several times to get clarity on the crypto assets’ nature but SEC body never provided any answer/clarity over the questions. 

Read also:  HotBit exchange decides to close its services forever

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