TechFlow news — Coinbase CEO Brian Armstrong said in an interview with The Wall Street Journal that he believes the U.S. will eventually achieve clear cryptocurrency regulation, "even if it takes some time," and views this as a key factor in attracting entrepreneurs back to the United States.
Regarding the SEC's lawsuit against Coinbase, which accuses the company of operating a securities exchange, broker-dealer, and clearing agency without registering with the SEC, Armstrong stated that Coinbase does not need such registrations to operate. "The assets we trade are commodities, so they don't require those registrations," he said.
He also denied that Coinbase claims to be a broker-dealer, while noting that its broker-dealer license has not yet been approved. "We don't claim to be a broker-dealer. We have obtained a broker-dealer license that remains dormant because they won't allow us to activate it," he explained.
Additionally, he expressed confidence that the U.S. will establish cryptocurrency regulation, "even if it takes time," as it is a crucial component in bringing entrepreneurs back to the country.
