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In its efforts, the US Sec is about cryptoregulation alone
Brian Armstrong, co-founder and CEO of the leading American cryptocurrency exchange Coinbase, believes that the US stock exchange supervisory authority (SEC) is on a lonely crusade in an effort for regulatory clarity in the country, since the authority's attitude is different in this matter of those of the congress and other federal authorities. On a Monday interview at CNBC, the CEO insisted on the Seco Chairman Gary Gensler tried to regulate the American digital asset industry from an anti-crypto perspective for unknown reasons. A lonely crusader “I think the broad consensus in the US government is that there should be a clear set of rules, and this requires new laws of the congress. The Sec ...
In its efforts, the US Sec is about cryptoregulation alone
Brian Armstrong, co-founder and CEO of the leading American cryptocurrency exchange Coinbase, believes that the US stock exchange supervisory authority (SEC) is on a lonely crusade in an effort for regulatory clarity in the country, since the authority is different in this matter of those of the congress and other federal authorities.
a lonely crusader
"" I think the broad consensus in the US government is that there should be a clear set of rules, and this requires new laws of the congress. The SEC is a small outlier here. There is a kind of lonely crusade, if you like, with Gary Gensler, the chairman there, and for some reason he has taken a view of crypto, "said the CEO of Coinbase.
Armstrong stated that Gensler, with the number of complaints submitted by the SEC, do not try so much to regulate the crypto industry, but to limit it. The coin base boss argued that legal disputes for the industry were not helpful.
Remember that the securities supervisory authority has delivered several lawsuits against several crypto exchanges. Coinbase also received a Wells Notice from the agency, which indicates possible enforcement measures, although there is no clear set of rules for cryptocurrencies.
Armstrong noted that the lack of a clear regulation made it possible Coinbase to maintain clarity from the courts, a step that the stock exchange had started last year. The Appeals court of the third circle recently reported the SEC to respond to Coinbase, which was submitted nine months ago, to answer the SEC within ten days.
Coinbase does not move abroad
In addition, the CEO von Coinbase confirmed its attitude that the stock exchange would not shift its company to offshore regions in view of the regulatory uncertainty in the United States. However, he mentioned that the company would invest in areas such as Great Britain and the EU who have more well -thought -out approaches to crypto.
"Coinbase will not move abroad. We will always have a US presence ... but the United States is lagging behind a little at the moment. I would say that we see more well-thought-out approaches. For example in the EU [European Union] You have actually already adopted comprehensive crypto legislation," said Armstrong.
In the meantime, an earlier report confirmed that Coinbase already regarded the VAE as a hub for its international activities.
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