$COIN CEO Brian Armstrong has hinted that the crypto exchange might consider moving its headquarters out of the United States due to ongoing regulatory uncertainty.
“Anything is on the table, including relocating or whatever is necessary. I think the U.S. has the potential to be an important market for crypto, but right now, we are not seeing the regulatory clarity that we need. I think in a number of years, if we don’t see that regulatory clarity emerges in the U.S., we may have to consider investing more elsewhere in the world.” – Coinbase’s Brian Armstrong
Speaking at London’s Fintech Week, Armstrong applauded the UK’s clear regulatory environment, which assigns the Financial Conduct Authority (FCA) as the sole regulatory body for securities and commodities.
Meanwhile, in the US, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) continue to have disagreements, leading to an unclear regulatory landscape that affects businesses like Coinbase.