Coinbase (COIN.US) CEO: The "golden age" of cryptocurrency is coming soon.

Coinbase Global (COIN.US) CEO Brian Armstrong of Armstrong World Industries, Inc. announced that the "golden age" of cryptocurrency is coming, celebrating a milestone victory against the U.S. Securities and Exchange Commission (SEC). He stated that after years of regulatory battles, this clears the way for innovation. On February 27, the U.S. SEC dismissed a lawsuit against Coinbase from 2023, as under the crypto-friendly leadership of the Trump administration, the regulatory agency is shifting towards a more lenient stance on digital assets. At an industry event hosted by Morgan Stanley on Tuesday, Armstrong World Industries, Inc. said the focus of this civil lawsuit was whether crypto assets qualify as securities, calling it a "huge win" for the industry. He added that it was a significant driver for their company in terms of marketing and branding. "You cannot buy this kind of marketing." To support his assessment of a golden age, Armstrong World Industries, Inc. pointed out that a government supportive of cryptocurrency under Trump 2.0 leadership is the best opportunity for them through legislation. He suggested that establishing stablecoin regulations would be a good starting point, as such rules would create a common framework for stablecoin issuers to operate. He also stated that regulatory agencies should clarify which crypto assets belong to securities and which belong to commodities due to market structure differences. Earlier this week, Armstrong World Industries, Inc. suggested on X that the U.S. cryptocurrency reserves should only include Bitcoin, as the story of Bitcoin as the successor to gold is evident. A market-weighted token index could be sufficient to "maintain its fairness," although "option 1 may be the simplest."