Coinbase CEO Brian Armstrong recently warned US lawmakers of the potential missed opportunities if the US does not embrace the cryptocurrency industry. In a recent interview, Armstrong highlighted the potential of the cryptocurrency industry to create jobs, spur innovation, and drive economic growth. He also noted that other countries are already taking advantage of the opportunities presented by the industry, and that the US should not be left behind.

Armstrong’s comments come at a time when the US is struggling to keep up with the rapid growth of the cryptocurrency industry. The US has been slow to regulate the industry, and this has led to a lack of clarity and certainty for investors. Armstrong believes that this lack of clarity has hindered investment and growth in the industry, and that the US should take steps to create a more favorable regulatory environment.

In addition to advocating for a more favorable regulatory environment, Armstrong also believes that the US should invest in blockchain technology and research. He believes that this investment would help to spur innovation and create jobs in the industry. Armstrong also believes that the US should take steps to promote cryptocurrency adoption, such as providing tax incentives for businesses that accept cryptocurrencies as payment.

Overall, Armstrong’s comments are a reminder that the US should not miss out on the opportunities presented by the cryptocurrency industry. By taking steps to create a more favorable regulatory environment, investing in blockchain technology and research, and promoting cryptocurrency adoption, the US could benefit from the growth of this rapidly expanding industry.