Marcus: Coinbase will succeed long term by playing by regulatory rules
David Marcus · David Marcus: How I Came to Lead PayPal; Why FB's Crypto Failed; How AI Fixes Inequality | E1001 · 20VC with Harry Stebbings · Apr 14, 2023 · at 28:17
David Marcus, founder of Lightspark, evaluates Coinbase and CEO Brian Armstrong's strategy of seeking regulatory compliance despite SEC enforcement actions.
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“Brian Armstrong has done a really, really good job at balancing this and from the get-go decided that he wanted to play by the rules and has been desperately demanding clear rules from the various regulators. And, you know, certainly I think over the long run, if you're playing the long game, that's the only way. And I think I think, you know, they're going to be a very successful company because they think about it over the long run and they're not taking shortcuts.”
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