Read this full report to know the latest statement passed by the Coinbase boss against SEC’s Wells notice.
Highlights
- Brian Armstrong is the CEO & co-founder of the Coinbase crypto exchange.
- He said that a recent Wells notice from the United States Securities and Exchange Commission (SEC) caused a noticeable boost in morale.
- He added that the exchange will keep its services better with better development works and also will keep improving in terms of compliance, without deviating from the initial goal.
- Since 2021, the exchange is publicly trading on the Nasdaq exchange under the COIN index.
- Many crypto experts noted that such regulatory action by the US government agencies shows that they want to degrade the confidence of crypto companies.
- In Feb of this year, Kraken settled its case with the SEC agency.
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