Coinbase CEO Brian Armstrong Says Crypto Exchange 100% Committed to the US Despite Regulatory Crackdown

Coinbase CEO Brian Armstrong says the firm is confident it can pull through the current anti-crypto regulatory crackdown that is stirring uncertainty across the industry.

During Coinbase’s first quarter earnings call, Armstrong says the exchange remains completely committed to making things work at home in the US. 

Coinbase recently received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) warning of a potential coming enforcement action against the company for alleged violation of securities laws.

“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.”

Armstrong says Coinbase is setting its eyes on expanding overseas following the recent launch of Coinbase International Exchange, which targets non-US institutional clients. The CEO says he’s ultimately optimistic that US officials will eventually “get it right” in regards to crypto regulation, however.

“And we’re a global company. So we started in America. We have a big mandate to be an international, a multinational company, and we want to serve as many people around the world as we can…

And I’m actually really optimistic on the U.S. getting this right. 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…

The leading financial centers, they’re all working to create responsible crypto rules and clarity right now and the U.S. is going to follow suit, I believe.”

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