Coinbase CEO Brian Armstrong reportedly deleted his old tweets, a move that has raised speculations among the cryptocurrency community. The recent action has ignited concerns and curiosity among his followers and the crypto community at large.
Also, WayBackMachine – a World Wide Web digital archive that allows users to go back in time to view how websites look in the past, has also reportedly cleared its archive of Brian Armstrong’s tweets.
The update was reported on Twitter by a crypto analyst @Pledditor. Pledditor posted a thread on Twitter with the aim of digging up Armstrong’s older tweets from alternative archival services.
DELETED: the @brian_armstrong archive@brian_armstrong has deleted most of his tweets and the WayBackMachine has deleted their achive of all of them as well.
The goal of this thread is find links via alternative archival services to all his old tweets. pic.twitter.com/9pz1Fhtdxx
— Pledditor (@Pledditor) July 10, 2023
The thread listed some of Armstrong’s old tweets posted way back since 2015, particularly when Armstrong advocated for an increase in Bitcoin’s blocksize as well as tweets showing frustrations with the community blowback for his support towards raising the blocksize.
Related Reading: Coinbase Files Motion to Dismiss SEC Lawsuit
Another significant tweet that was listed in the thread is a post where Brian envisioned a world of many Bitcoin hardforks. The post was made way back as far as January 2016.
#4. Brian envisions a world of many bitcoin hardforks, and claims that the competition between them drives progress.
LINK: https://t.co/EeInbFirDO pic.twitter.com/j1wOxQDfsa
— Pledditor (@Pledditor) July 10, 2023
Some in the crypto community have linked the action to the ongoing Coinbase legal tussle with the Securities and Exchange Commission. Coinbase has recently been a target of scrutiny from the regulatory watchdog.
The crypto exchange giant and the SEC have been going head-to-head in court. The Commission accused Coinbase of offering unregistered securities as well as operating an unregistered exchange. However, Coinbase has outrightly denied the allegations stating that the lack of clear guidelines in the crypto industry is the reason behind the supposed violations.
Crypto regulations in the United States
Meanwhile, the regulatory guidelines for the crypto industry remain unclear in the United States. Many have called for a clearer and more robust regulatory framework and Brian Armstrong has been one of those championing the cause. The uncertainties can lead many of the companies operating in the crypto space to potentially violate federal laws without knowing it.
Coinbase is not the only crypto firm to have been attacked by the regulatory body, Binance – the world’s largest crypto exchange by trade volume is also on the same boat.
Some observers in the crypto space have speculated that the reason behind Armstrong deleting his old tweets could be to avoid misinterpretation of his older statements amid regulatory scrutiny. However, Armstrong is yet to address the situation.
