Coinbase CEO Brian Armstrong says the company is confident it can get through the current anti-crypto regulations that are creating uncertainty across the industry.
During Coinbase’s first quarterly earnings call, Armstrong say the exchange remains fully committed to making things work back home in the US.
Coinbase recently received a Wells Notice from the US Securities and Exchange Commission (SEC) warning of a possible upcoming enforcement action against the company for allegedly violating securities laws.
“So let me be clear, we are 100% committed to the US. I founded this company in the United States because I saw that the rule of law prevails here. That’s really important.”
Armstrong says Coinbase has its eyes on expansion abroad following the recent launch of Coinbase International Exchange, which targets non-US institutional clients. However, the CEO says he is ultimately optimistic that US officials will eventually “get it right” with regards to crypto regulation.
“And we are a global company. So we started in America. We have a great mandate to be an international, multinational company, and we want to serve as many people as possible around the world…
And I’m actually very optimistic about the US getting this right. When I go to visit DC there is strong bipartisan support for Congress to step in and create new legislation that would create a clear rule book in the US…
The leading financial centers are all working to create responsible crypto regulations and clarity right now and the US will follow suit I believe.”
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