Coinbase, legal conflicts with US state governments escalate over cryptocurrency futures trading regulation policies

AirdropSweaterFan · 2026-01-21T11:06:33+00:00

Coinbase CEO Brian Armstrong argues that cryptocurrency futures trading should be regulated directly by the CFTC rather than state governments, which he believes creates unnecessary complexity and hinders access to competitive financial tools for citizens. Coinbase has filed lawsuits against Michigan, Illinois, and Connecticut to challenge state-level regulations, signaling its strong opposition and suggesting a potential shift in U.S. cryptocurrency regulation.

AirdropSweaterFan

2026-01-21 11:06:33

Abstract generation in progress

Coinbase CEO Brian Armstrong has officially stated that prediction markets, including coin futures trading, should be under the direct regulation of the U.S. Commodity Futures Trading Commission (CFTC), rather than state governments. Armstrong pointed out that regulatory interference at the state level actually hinders American citizens’ access to financial tools that could enhance their competitiveness.

CFTC Direct Regulation Advocacy Criticizes State Regulatory Framework

Coinbase’s position that coin futures trading should be conducted under a clear CFTC regulatory framework conflicts with the separate regulatory efforts currently underway in various states. Armstrong argued that state-level regulations introduce unnecessary complexity for market participants and emphasized the need for a unified federal oversight system. This stance is interpreted as a strategic move to secure the global competitiveness of coin futures trading.

Coinbase Takes Active Legal Action

Coinbase has not only expressed its position but also taken concrete steps. Last week, the company filed formal lawsuits against Michigan, Illinois, and Connecticut over prediction market regulation issues. This demonstrates Coinbase’s strong resistance to the regulation policies surrounding coin futures trading and could significantly influence future regulatory developments in the U.S. cryptocurrency market.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.