Coinbase CEO says user funds are safe, hits back at SEC chair after lawsuit

Coinbase CEO says user funds are safe, hits back at SEC chair after lawsuit

FILE PHOTO: Brian Armstrong, CEO and Co-Founder of Coinbase, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2022. REUTERS/David Swanson

Coinbase Chief Executive Brian Armstrong on Wednesday hit back at U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler over the agency’s lawsuit against the crypto exchange, calling him an “outlier,” while also reassuring customers that their funds were safe.

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