Coinbase CEO Meets SEC Amid Moving Offshore Reports; What’s Happening?
Coinbase News: Coinbase, US biggest crypto exchange is reportedly seeking to move offshore as the Securities and Exchange Commission fails to provide clear rules for the crypto industry. However, it looks like Coinbase is not cutting the chase here as it is gearing up for a long legal battle ahead.
Also Read: Coinbase Set To Launch Base Mainnet Within 2023
Coinbase Plans To Go Against SEC
Brian Armstrong, Coinbase CEO in a tweet highlighted a special meeting with the US SEC. He stated that the crypto exchange we’ll continue to push for a clear rule book in the U.S. for crypto firms. This development comes in when the financial regulator severed the crypto exchange with a “Wells notice” regarding listing of several digital assets, staking and wallet services.
Armstrong added that the U.S. can’t afford to lose this chance to update the financial system. However, it is important for regulators to set policy right and then move to enforce it. He added that this is the apt point where congress needs to step in.
The meeting between Coinbase boss and the commission comes after his recent summit with some members of congress. Coingape reported Armstrong stated that the SEC has caused untold harm to the nation with its policies. He intended that the crypto industry needs to fight back.
Also Read: U.S. SEC Cracks Down On Crypto Firm, Secures Historic $2.8 Mn Settlement
However, Armstrong left a message that he is flying back to the west coast to focus on improving products.
The best thing we can do for policy is drive utility and make crypto more useful, growing from a couple hundred million crypto users to a billion (as an industry). It’s time to build!, Coinbase CEO wrote
- Four Meme and BNB Partner on $45M ‘Rebirth Support’ Airdrop, First Batch Set to Begin
- Why Is Crypto Market Down Today (Oct 14)
- BREAKING: Elon Musk Endorses Bitcoin Again After Years Amid Crypto Bloodbath
- BREAKING: Metaplanet Stock Crashes 12% as Enterprise Value Falls Under Bitcoin Holdings
- XRP ETF Faces Delay as Expert Confirms October 19b-4 Filings Are Procedural, Not Deadlines
- XRP Price Prediction as Whales Dump 2.23B Tokens — Is $2 the Next Stop?
- Trader Sees a Dogecoin Price Surge as House of Doge Sets for a NASDAQ Listing
- Will Shiba Inu Price Recover After the Crypto Crash As Burn Rate Soars 8,194%?
- Bitcoin Price Mirrors March 2020 Crash as US–China Trade Easing Fuels Recovery
- PEPE Coin Price Reenters Historical Demand Zone as Whales Accumulate $5M— Can It Repeat Its 123% Rally?
- Bitcoin Price Prediction as Trump’s Tariff Shock Triggers $19B Liquidation
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
