In an interview with Yahoo Finance, Coinbase Global CEO Brian Armstrong says his company has “good relationships” with SEC staff, but that “leadership there has taken a very hostile view towards crypto…regulation by enforcement posture instead of just engaging in rule making as they’re required to by law.” Armstrong believes ultimately the issues facing the company will be resolved. He also says it “would certainly help” the company someone other than Gary Gensler were leading the SEC. Despite the regulatory hurdles, Armstrong says Coinbase will stay in the U.S., but “we do look at everywhere around the world and we look for regulatory clarity, and that helps us prioritize our investments.” That being said, Armtrong says “Coinbase is gonna be a U.S. company with a multi-national reach.”
Source: Coinbase CEO: SEC leadership has ‘very hostile’ view of crypto regulation – The Global Herald
