Coinbase Expects Court Battle With SEC and More Investments Overseas

U.S. regulators have pursued a “regulation by enforcement approach, which is not helping’s crypto firm, CEO Brian Armstrong says. Hong Kong, Europe, the United Kingdom and Singapore have shown leadership in developing regulatory clarity

Highlights

• CEO Brian Armstrong says U.S.
• regulators have pursued a “regulation by enforcement approach, which is not helping’s crypto firm.
• Hong Kong, Europe, the United Kingdom and Singapore have shown leadership in developing regulatory clarity around crypto, he said.
• Armstrong said he expects to go to court to gain clarity from the Securities and Exchange Commission (SEC) He said he would like to see the passage of a clear stablecoin bill, comprehensive legislation around the centralized actors in crypto, like exchanges and custodians, and clarity about what’s a commodity and what is a security.
• The U.K.
• has shown leadership and is working to become a Web3 hub, Armstrong said.

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