Coinbase CEO Brian Armstrong says his crypto exchange remains committed to the United States despite the anti-crypto strike from US regulators.
In a new interview with the Wall Street Journal, Armstrong says the crypto industry will somehow get the “right outcome” in its battle with regulators.
“We’re here to stay. I founded this company in the United States because I believe – it’s a big market – but there’s also a rule of law and a willingness to do the right thing in general, even if it takes it a few iterations.
So we stay in the US. We become the leader in the US. The US will get the right outcome, be it through the courts, Congress or the CFTC (Commodities Futures Trading Commission). Something is going to come true. Perhaps the 2024 elections will change that.”
Last week, the US Securities and Exchange Commission (SEC) filed suit against Coinbase for allegedly offering unregistered securities through its platforms. The SEC also sued Binance and its CEO Changpeng Zhao for similar charges the day before.
Armstrong says he is confident in the future of crypto in America and says Coinbase intends to remain rooted in the US.
“America has a way of healing. If the wind blows this way, then four to eight years later, it kind of blows the other way, and eventually we get to the right result, even if it takes a while.
At the same time, as we become the leader in the US, we become a multinational company. We have entities in all major financial hubs, of which there are currently many. I want to be an American company with a global footprint.”
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