Coinbase Global Inc CEO Brian Armstrong on Wednesday termed Sam Bankman-Fried, the beleaguered founder of FTX, a “criminal.” Also slamming a Wall Street Journal report on Bankman-Fried as being a “puff piece,” Armstrong said this was a turning point in citizen journalism. “Twitter has broken just about every piece of this FTX story using blockchain analytics, while NYT is writing puff pieces on a criminal. Feels like a turning point for citizen journalism and loss of trust in MSM,” he said. Earlier, the Coinbase CEO had criticized the Securities and Exchange Commission for failing to create a clear regulatory framework which, according to him, led to American investors fleeing to exchanges outside the country. “FTX.com was an offshore exchange not regulated by the SEC. The problem is that the SEC failed to create regulatory clarity here in the US, so many American investors (and 95% of trading activity) went offshore. Punishing US companies for this makes no sense,” he said. Armst...