Brian Armstrong Says Coinbase To Remain In The US Amidst Massive SEC Scandal

Brian Armstrong said that Coinbase will be remaining in the US amidst the massive problems that the exchange has with the SEC.

Accoridng to the latest reports, Coinbase CEO Brian Armstrong says that his crypto exchange remains dedicated to the United States.

This is happening despite the anti-crypto onslaught from American regulators.

In a new interview with the Wall Street Journal, Armstrong says that one way or another, the crypto industry will get the “right outcome” in its battle with regulators.

“We’re here to stay. I created this company in the United States because I believe – it’s a big market – but also there’s rule of law, and there’s a willingness to generally do the right thing even if it takes a few iterations.”

He also stated the following:

“So we are going to continue to be in the US. We’re going to be the leader in the US. The US is going to get the right outcome, whether it’s through the courts, Congress, or the CFTC (Commodities Futures Trading Commission). Something is going to come to fruition. Maybe the 2024 elections will change this.”

It is also important to mention the fact that last week, the U.S. Securities and Exchange Commission (SEC) brought charges against Coinbase for allegedly offering unregistered securities through its platforms.

The SEC also sued Binance and its CEO Changpeng Zhao on similar charges, and we reported this matter a while ago.

The U.S. Securities and Exchange Commission (SEC) has been reportedly asking the courts for permission to track down Binance CEO Changpeng Zhao in an “alternative” manner.

As the online pubcalition the Daily Hodl notes, “in a new court filing, the SEC asks the District of Columbia Court for permission to freeze the assets of the companies operating as Binance.US: BAM Trading and BAM Management, as well as be able to serve Binance CEO Changpeng Zhao via unspecified non-traditional methods.”