Brian Armstrong Says Coinbase Staying in US Despite Regulatory Pressure – Here’s Why

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

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.”

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 the day prior.

Armstrong says he remains confident in crypto’s future in America and says Coinbase plans to continue being rooted in the US.

“America has a way of healing. If the winds blow this way, then four to eight years later, they kind of blow the other way, and eventually, we get to the right outcome even if takes a while. 

At the same time, while we’re going to be the leader in the US, we’re going to be a multinational. We have entities in all the major financial hubs, many of them at this point. I want to be an American company that has a global footprint.”

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