Coinbase CEO Brian Armstrong announced that they are ready for a long legal battle with the US Securities and Exchange Commission (SEC) if necessary.
Brian Armstrong, who made remarkable statements in his recent interview with CNBC, spoke to the SEC. that a long legal battle could begin and they said they were ready for it. SEC’s submission to Coinbase regarding securities law violations Wells statement In the controversial process that started with the sending of Although the CEO stated that litigation would not be their first choice, for legal clarity and a fair regulatory approach He stated that they would not hesitate to take this path.
Against this move by the SEC your disappointment Expressing once again, the CEO stated that they did not receive any constructive feedback during the process and that they encountered an unexpected Wells notification at the end of the work:
We met with them more than 30 times last year. We didn’t get a single piece of feedback from them on what we could have done better or different, and then this Wells statement came. I think we’re going to have to go to court to get the clarity we need and establish case law.
Emphasizing that they would consider moving from the USA in the absence of regulatory clarity, Armstrong made it clear that they were considering all possibilities.