Coinbase CEO Brian Armstrong said that Coinbase could leave the US if regulatory clarifications are not provided.
The harsh and repressive attitude of US regulators has started to stir the crypto industry. Many actors feel that these regulatory pressures and the unclear regulatory environment can create problems.
One of these names, Coinbase CEO Brian Armstrong, talked about the regulatory environment in the USA. Armstrong stated that if regulatory clarity does not occur, the stock market may close its US leg.
Stunning Remarks From Coinbase CEO
Brian Armstrong, the boss of crypto exchange Coinbase, made statements about the stance of US regulators.
Coinbase, which received a Wells notification from the SEC in March, is planning new moves amid all the crypto pressure and sanctions. Sharing his views on the subject, Armstrong stated that all plans, including relocation, are on the table.
Comparing the UK crypto landscape to the US, Armstrong highlighted the regulatory turmoil in the US. Referring to conflicting statements from the SEC and CFTC heads, the Coinbase boss stated that there is a need for a clear rulebook for the crypto industry.
In Armstrong’s statements, the following statements drew attention;
“I think if we don’t see regulatory clarity emerge in the US in a few years, we may have to consider investing more elsewhere in the world.”
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