TechFlow news — Coinbase CEO Brian Armstrong told Decrypt in an exclusive interview that Coinbase has met with the SEC 30 times over the past 18 months but has received no feedback on which assets the SEC considers to be securities. Coinbase is currently facing a lawsuit from the SEC accusing the company of operating an unregistered securities exchange.
Additionally, Brian Armstrong said that the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are engaged in turf wars over which agency regulates which assets, and at times they behave like clowns. Due to the lack of clear regulatory guidance and enforcement clarity in the United States, Coinbase will shift its focus to expanding operations outside the U.S.
