From Coinbase CEO to the USA Rest: Without Regulatory Clarity, We Are Not There!

Coinbase CEO Brian Armstrong stated that the exchange will consider withdrawing from the US if sufficient regulatory clarity is not established for the crypto industry.

Brian Armstrong, former British Prime Minister George Osbourne’s in London Fintech WeekHe drew attention with the answer he gave to the sarcastic question posed to him in . Osbourne’s question on whether Coinbase will leave the US “all possibilities are on the table” Replying to this, the CEO emphasized that they expect a clearer stance from the regulatory authorities.

In its response, the U.S. Securities and Exchange Commission (SEC) recently submitted to Coinbase by to the Wells statement While making a suggestive reference, he added that the next few years will be important in the decision they will make:

I think the US has significant market potential for the crypto sector, but we don’t see the regulatory clarity we need right now. I think if we don’t see this regulatory clarity emerge in the US in a few years, we may have to consider investing more elsewhere in the world.

In conversation with Osbourne USA with England Armstrong, who does not hesitate to compare existing regulatory systems between that the UK has a more singular and clear stance on this issue. brought to the fore. Both the SEC and the U.S. Futures and Exchange Commission are required to regulate financial markets in the United States. (CFTC) like a power struggle He underlined that this situation hinders the innovative sector:

Conflicting statements come from the heads of the CFTC and SEC almost every few weeks. How will a business operate in this environment? We just want a clear rulebook.

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