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Coinbase's earnings report comes with dose of crypto anarchism

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There's a showdown brewing between the U.S.'s largest crypto exchange and its main regulator, the Securities and Exchange Commission (SEC).

The exchange has already said it's received investigative subpoenas and requests from the SEC regarding its processes for "listing assets, the classification of certain listed assets, its staking programs, and its stablecoin and yield-generating products.

"Coinbase Tuesday said it won't delist anything "pending a final judicial determination as to that crypto asset’s proper characterization.""I'm spending more time in D.C.," Coinbase CEO Brian Armstrong said during a conference call Tuesday, during which he was peppered with questions about trying new jurisdictions, like China, or taking the business offshore.

 

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