Coinbase CEO Meets SEC Amid Moving Offshore Reports; What’s Happening?

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 whe

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