Coinbase’s Brian Armstrong: The Exchange Is 100% Committed To The US

Coinbase’s CEO, Brian Armstrong, said the exchange is completely committed to the American people despite the US regulatory crackdown. Check out the latest reports about this below.

According to the latest reports, it seems that Coinbase CEO Brian Armstrong says the firm is confident it can pull through the current anti-crypto regulatory crackdown that is stirring uncertainty across the industry.

During Coinbase’s first quarter earnings call, Armstrong says the exchange remains completely committed to making things work at home in the US, as the online publication the Daily Hodl notes.

Coinbase recently received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) warning of a potential coming enforcement action against the company for alleged violation of securities laws.

“So let me be clear, we’re 100% committed to the U.S. I founded this company in the United States because I saw that rule of law prevails here. That’s really important.”

Not too long ago, we revealed the fact that Cathie Wood’s ARK Invest is ramping up its acquisition of Coinbase (COIN) stock as the crypto exchange platform expands outside of the US.

New data from Cathie’s Ark, which is a platform that tracks the investment of ARK Invest, revealed the fact that the firm made three separate purchases of COIN on May 2nd that amounted to $7.35 million.

The day before, data shows ARK making three purchases worth about $8.4 million.

“The accumulation spree coincides with Coinbases’s recent announcement that it will be expanding its services to the world due to regulatory uncertainty in the US,” as noted by the online publication thr Daily Hodl.

The exchange said that it would grant institutional investors the ability to trade perpetual Bitcoin (BTC) and Ethereum (ETH) futures. It’s also important to note the fact that this would be happening under the new expansion.