Crypto goes abroad unless the USA change its regulatory attitude: CEO of Coinbase

Crypto goes abroad unless the USA change its regulatory attitude: CEO of Coinbase
Brian Armstrong-Chief Executive Officer from Coinbase-is of the opinion that cryptocurrency companies, based in the United States and Great Britain, could move to other countries if the local supervisory authorities do not implement adequate legislation for the industry.
He also indicated that his stock exchange could consider such a step if the regulatory situation in the states should remain the same.
"Everything is on the table"
according to According to Armstrong, the American and British authorities should enforce suitable cryptor rules to prevent emigration from local companies:
"This is why we need clarity about laws and regulations on land, because if the United Kingdom does not have it, if the United States does not have it, these companies will be built in offshore oases."
The CEO believes that the infamous FTX crash emphasized the importance of the applicable crypto rules in November last year. He pointed out that the United Kingdom had already started to work in this direction, praise its efforts," quickly one to promote reasonable crypto regulation in order to promote both economic growth and consumer protection ”. When asked whether Coinbase could switch to another country, Armstrong said that "everything is on the table, including a move or whatever is necessary". While he believes that the USA could be a key market for the crypto industry, the current regulatory uncertainty inspires this potential: "I think if we do not see in a few years that regulatory clarity emerges in the United States, we may have to consider investing more in the world."
The US SEC Started in which it was suspected that some of the cryptocurrencies listed on the platform are not registered. The Commission struck again in March of this year, Preserver-Spaces = "True"> Edition A wells Notice against Coinbase. The potential enforcement measure could be bound to the earlier, prime and wallet products of the stock exchange. Armstrong was unimpressed by the SEC's allegations and said: "Although we understand that all this is part of the way to reform our financial system, we are legally correct, trust in the facts and welcome the opportunity for coin base (and thus the broader crypto community) to come to trial." Coinbase is not the only crypto company based in the USA that has a conflict with the Sec. The latter explores Kraken in February this year because of possible violations of the rule when offering securities as staking services for American users. The platform ended such offers and paid $ 30 million of degorage, preliminary judgment. . Brian Armstrong, Source Bloomberg
The problems of Coinbase in America