CEO of Coinbase Brian ArmstrongIn its first-quarter earnings talk to investors, Coinbase said it has no plans to move its operations outside of the United States.
Armstrong 5th of May In his speech in . The CEO continued in his speech: “Let me be frank, we are 100 percent dependent on the USA. I founded this company in the USA because I saw that the rule of law prevails here. “This is really important and I’m really optimistic that the United States will do this right.”
Armstrong Hopeful for Regulatory Clarity
Brian Armstrong believes that Congress will soon issue a clear set of rules that crypto firms must follow. But Armstrong’s comments are not entirely optimistic.
CEO, Securities Exchange Commission He stated that he was concerned about the unforeseen sanctions actions. Armstrong continued: “Despite our ongoing contacts with the commission, they are not as clear as we would like to have about their specific concerns with Coinbase, and so I have to refrain from speculating too much. “The timeline of any potential SEC litigation we may face is particularly difficult to predict.”
Coinbase’s May 2 Coinbase International Exchange(CIE), many experts began to think that the platform was looking for an escape route from the United States.
Exchange Singapore, Hong Kong, El Salvador, Philippines, Thailandand CIE is currently licensed BermudaIt offers services to customers in 30 different countries around the world.
Speaking about the European Union’s Crypto Asset Markets (MiCA) legislation, Armstrong said that the EU is ahead in terms of regulatory progress. Armstrong: “They adopted the comprehensive crypto legislation called MiCA and created one clear rulebook for the entire region. This is a very strong step,” he continued.
EnglandAnd WashingtonArmstrong said that he had just returned from his trip to .
