coinbaseCEO Brian Armstrongdespite regulatory uncertainty He stated that they would not withdraw from the USA.
Regulatory debates in the crypto industry have been intensified by the involvement of major crypto organizations. BinanceAnd coinbaseThere have been two crypto exchanges that have been on the front lines against US regulators. coinbaseCEO Brian Armstrong, had said that they were disturbed by the SEC’s moves and that they could leave the US if regulatory clarifications were not provided.
However Armstrong , in a statement made today, stated that they will not leave the United States. Taking a step back, Armstrong did not neglect to criticize SEC Chairman Gary Gensler.
Coinbase CEO: We Will Not Leave the USA
coinbaseCEO Brian ArmstrongWhile underscoring regulatory uncertainty in the US, SEC Chairman Gary gens He also criticized harshly. Moreover Armstrong , made a statement opposite to the sentence of leaving the USA that he had previously stated. Armstrong, coinbaseHe said that he will not move abroad.
from the SEC earlier this year. wells Noticearea coinbase was dealing with legal processes and regulatory pressures. Armstrong’s statements and his criticism of the regulatory attitude in the SEC drew attention. However Armstrongseems to have abandoned its decision on the stock market while continuing its criticisms.
Armstrong, who made an interview in Dubai, stated that the SEC acted contrary and that its head, Gary Gensler, displayed an opposing attitude to the industry with a crusade.
speaking on the subject Armstrong, the following told;
I don’t think he’s trying to regulate the industry, maybe he’s trying to restrict it. But he has filed some lawsuits, and I think that’s pretty useless for the industry in the US, but it’s also an opportunity for Coinbase to get that clarity from the courts that we think will really benefit the crypto industry and the US at large.
