Brian Armstrong, chief executive officer at Coinbase, has reportedly waffled about whether the cryptocurrency exchange plans to leave the United States amid regulatory uncertainty.Coinbase was “staying in the United States” despite many other crypto firms considering leaving the country with the potential threat of legal action from federal regulators. Coinbase currently faces a lawsuit from the U.S.
The Coinbase CEO reportedly said leaving the U.S. was “not even in the realm of possibility right now” and there was no “break glass plan” — likely referring to what the exchange would do in the event of an emergency. However, at a fintech event in London in April, Armstrong reportedly said the exchange
Coinbase's legal battle with the SEC intensifies, alleging due process violations and differing interpretations of securities laws. The case outcome holds critical implications for the US crypto industry.
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