Coinbase is 100 % committed to the USA despite regulatory uncertainty: Brian Armstrong

Coinbase is 100 % committed to the USA despite regulatory uncertainty: Brian Armstrong

Brian Armstrong, the co-founder and Chief Executive Officer of the great American cryptocurrency exchange Coinbase, announced that the company has still committed itself to the US market despite the lack of regulatory clarity in the country.

The CEO was disclosed in response to a question of shareholders who were curious about the plans of Coinbase during a winning call for the first quarter of 2023 on Thursday, and the effects for customers.

Coinbase will not leave the USA

Armstrong said he founded Coinbase in the United States because he had observed the spread of the rule of law in the country. He expressed his optimism that America will finally do it right, since he had already noticed strong support for the congress for the creation of clear laws for cryptocurrencies during his visits to Washington, DC.

"So let me make it clear that we have been 100 % committed to the USA. I founded this company in the USA because I saw that the rule of law is really important here. And I am actually very optimistic that the USA will do it right," said the CEO.

The coin base boss insisted that it was important for America to solve the regulatory problem, since other countries, including financial centers, competed in the top position in the crypto room. While supranational organizations such as the European Union have adopted comprehensive cryptor regulation, regions such as Great Britain, Hong Kong and Singapore have become more optimistic than the USA.

Armstrong believes that the EU regulation on markets for crypto systems (Mica) has brought the Union and its Member States to the top.

Coinbase is global

The CEO of Coinbase continued to say that his company will continue his mandate to serve as many people as possible by exploring the global market while the US is working on doing its crypto regulation correctly. In line with its plans, the company recently launched Coinbase International Exchange, a crypto derivative platform for institutional customers based on the Bermudas.

"Of course we have to make decisions every year where we use our capital. And so we take a look at where we could think that this can have the greatest ROI. But yes, the leading financial centers are currently working to create responsible crypto rules and clarity, and I think," added Armstrong.

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