Coinbase CEO Brian Armstrong responded to Binance co-founder Changpeng Zhao's resignation, viewing it as a chance for a new industry chapter. Armstrong highlighted Coinbase's commitment to compliance since 2012. Zhao resigned as part of a plea deal with the DOJ, where Binance agreed to a $1.8 billion fine and a $2.5 billion forfeiture. Armstrong noted the challenges of compliance but believes it was the right decision. Coinbase's Chief Legal Officer, Paul Grewal, criticized the U.S. government's enforcement-only approach to crypto regulation, calling for legislation to protect consumers and promote a responsible marketplace.