Coinbase CEO Brian Armstrong commented on Binance's $4.3 billion settlement with the U.S. federal government, suggesting that the era of crypto companies skirting regulation is over. Armstrong believes this enforcement action against Binance allows Coinbase to potentially become the leading crypto exchange. Despite facing its own lawsuit by the SEC, Armstrong is confident about Coinbase's regulatory compliance. He also highlighted the growing institutional interest in crypto and the potential impact of spot Bitcoin ETF approvals on the influx of capital into the crypto market.