Regulatory Confusion in the US Could Send Coinbase Packing

$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.

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Community Charts – March 6, 2024

GetRichSlow shows off a beautiful logarithmic $BTC chart, hinting at $200k in Q1 2025. 

His Fibonacci expansions highlight a series of projected price levels along with vertical blue bars highlighting when the RSI crosses 70. 

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One Way To Use Stocktwits’ Social Data Tools

Have you ever heard the phrase ‘volume precedes price’? It’s an old-school technical analysis 101 maxim. For example, if an instrument is in a downtrend but then you start to see volume tick up, the theory is that price will follow the volume. 🧑‍🎓

It’s what technical analysts call a leading indicator—a heads-up or a warning that the probability of change is high and that it might happen soon. Analysts and traders might apply that principle (volume precedes price) to the Stocktwits Social Data. 

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