Coinbase CEO: US Market, We're Not Leaving You
In a recent Q1 earnings call, Coinbase CEO Brian Armstrong wanted to make it crystal clear that the crypto exchange is "100% committed" to the US market, despite the not-so-clear regulatory landscape. Armstrong is optimistic about Congress soon passing crypto regulations, as bipartisan support seems to be the new trend.
"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, and I'm actually really optimistic on the U.S. getting this right," Armstrong shared his thoughts with investors.
He did, however, express concern over the unpredictable enforcement actions by the SEC, which served Coinbase with a Wells Notice in March. But who doesn't love a little suspense? Armstrong's confidence in the US market's future remains unshaken, come what may.
"When I go visit DC, there is strong bipartisan support for Congress to come in and create new legislation that would create a clear rule book in the U.S. and I think it's really important for America to get this right," Armstrong added.
Despite the optimism, there is an undercurrent of worry regarding the lack of clarity from the SEC. Armstrong stated, "Despite our ongoing engagement with the commission, they have not been as clear about what their specific concerns are with Coinbase as we might like, and so I have to refrain from speculating too much."
Nevertheless, Armstrong's unwavering faith in the US market shines through.
He did, however, express concern over the unpredictable enforcement actions by the SEC, which served Coinbase with a Wells Notice in March. But who doesn't love a little suspense? Armstrong's confidence in the US market's future remains unshaken, come what may.
"When I go visit DC, there is strong bipartisan support for Congress to come in and create new legislation that would create a clear rule book in the U.S. and I think it's really important for America to get this right," Armstrong added.
Despite the optimism, there is an undercurrent of worry regarding the lack of clarity from the SEC. Armstrong stated, "Despite our ongoing engagement with the commission, they have not been as clear about what their specific concerns are with Coinbase as we might like, and so I have to refrain from speculating too much."
Nevertheless, Armstrong's unwavering faith in the US market shines through.
