Coinbase Remains Committed to the US Despite Regulatory Challenges, Says CEO
During Coinbase’s recent earnings call, CEO Brian Armstrong expressed confidence in the company’s ability to navigate the current regulatory crackdown on cryptocurrencies. Despite receiving a Wells Notice from the SEC regarding potential violations of securities laws, Armstrong reaffirmed the company’s commitment to operating within the US. He emphasized the importance of the rule of law in the US and his optimism that US officials will eventually implement clear regulations for the crypto industry. Coinbase’s recent launch of the Coinbase International Exchange demonstrates the company’s focus on expanding globally and serving as many clients as possible. According to Armstrong, financial centers around the world are currently working towards creating responsible regulations for cryptocurrencies, and the US is expected to follow suit.
Clever Robot News Desk 9th May 2023