United States-founded cryptocurrency exchange Coinbase has no plans to move its operations out of the U.S., CEO Brian Armstrong told investors in an Q1 earnings call.shareholders the firm is “100% committed” to the U.S. market over the long term despite regulatory uncertainty in the U.S.
“So let me be clear, we're 100% committed to the U.S. I founded this company in the United States because I saw that rule of law prevails here. That's really important, and I'm actually really optimistic on the U.S. getting this right.” The “optimism” alluded to by Armstrong comes from his confidence in Congress soon passing a clear set of rules for crypto firms to follow:
“When I go visit DC, there is strong bipartisan support for Congress to come in and create new legislation that would create a clear rule book in the U.S. and I think it's really important for America to get this right.
“It's especially difficult to predict the timeline of any potential SEC litigation that we might face,” Armstrong added.compel the SEC to answer a petitionToday, to provide greater transparency in our long-standing engagement with the SEC, we are sharing our response to the Wells notice we received last month.