In a recent interview with Yahoo Finance Live, Shark Tank investor Kevin O'Leary said he would fire Coinbase CEO Brian Armstrong if he were in charge of the company.
O'Leary's beef with Armstrong stems from the SEC's recent lawsuit against Coinbase. The SEC alleges that Coinbase operates as an unregistered broker-dealer, which is illegal. Armstrong has denied the allegations.
O'Leary believes that Armstrong's handling of the SEC investigation has been "amateurish." He also believes that Armstrong is too willing to go to war with regulators.
"I would fire Brian Armstrong," O'Leary said. "I don't want to go to war with the SEC. I want to work with the SEC."
O'Leary's comments come at a time when the crypto industry is under increasing scrutiny from regulators. The SEC has been investigating several crypto companies, including Coinbase, Binance, and FTX.
It remains to be seen whether the SEC will be able to bring charges against Coinbase. However, O'Leary's comments suggest that the company's future could be in jeopardy if Armstrong does not change his approach.
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