Coinbase CEO Brian Armstrong spoke for the first time after the Wells notice sent to the exchange by the US Securities and Exchange Commission (SEC).
Brian Armstrong March 23 Posted on his official social media account on in the shipmentSEC’s Coinbase Wells Statement He made a statement after posting. With the said move, the SEC, some of the cryptocurrencies listed on Coinbase, staking service, Coinbase Earn and similar services had targeted.
In his post on the subject, Armstrong stated that the regulator was experiencing some confusion and exemplified the latest developments through a football match. Inside Coinbase’s new financial system pickleball (a new fastest growing sport in the US) but the referees on the field football referee Emphasizing that Armstrong that the referees did not fully agree on the rules of this new game. suggested.
Armstrong, Coinbase will continue to provide the same services. of the activities in question It was reviewed in detail by the SEC in 2021. and reminded that they were all approved at that time. After 2 years of time, the CEO expressed the SEC’s attitude towards the same products. “They are confused” described in his words.
Emphasizing that Coinbase’s wide-ranging services such as staking are not securities in the past weeks, Armstrong reiterated this in his latest post, which is the subject of the news, and reiterated that they are ready to appear in court with the SEC if necessary.