Coinbase’s Brian Armstrong Shows Crypto, Bitcoin Lessons Are Being Forgotten

Coinbase Global Inc. boss Brian Armstrong has long believed that the adoption of digital currencies like Bitcoin would resemble a straight arrow towards progress — much like the internet’s development from a web of interlinked computers to a whole economy of applications and businesses. 

Yet his angry tweet storm against the U.S. Securities and Exchange Commission on Sept. 8, after its behind-the-scenes threat to sue Coinbase if it launched an interest-earning product called Lend, makes clear that crypto’s trajectory isn’t going to be so straightforward.