Coinbase CEO Says Leaving US 'Isn't Even In The Realm Of Possibility Right Now': Report

Brian Armstrong previously suggested that Coinbase might ditch the United States for a more crypto-friendly country, but also said that the exchange was "100% committed". at the local market.

Brian Armstrong, CEO of Coinbase, reportedly wondered if the cryptocurrency exchange was planning to exit the US amid regulatory uncertainty.

According to an Aug. 4 Financial Times report, Armstrong said Coinbase is “staying in the US” as many other crypto companies consider leaving the country with the potential threat of legal action from regulators federal. Coinbase is currently facing legal action from the U.S. Securities and Exchange Commission as well as scrutiny from 10 state regulators, many of whom have issued cease and desist orders. refrain on stock market staking services.

The CEO of Coinbase reportedly said that leaving the US was "not even on the cards right now" and that there was no "ice-breaking plan" - likely referring to what would make the exchange in case of emergency. However, at a fintech event in London in April, Armstrong reportedly said the exchange may consider moving its headquarters from the United States to a more crypto-friendly country due to lack of regulatory clarity. He then told shareholders that Coinbase was "100% committed" to the US market for the long term.

Meeting with the SEC today. We will continue to push for a clear settlement in the United States for crypto regulations.

The United States cannot afford to fall behind on this important technology to update...