According to reports, the CEO of Coinbase, Brian Armstrong, expressed dissatisfaction over the recent actions from the regulators.
The US Securities and Exchange Commission (SEC) has created massive quakes regarding crypto regulations. As a result, the crypto space has experienced strict regulatory rules and enforcement actions from the watchdog. Also, its lawsuit with Ripple XRP remained a historical battle in the industry.
With the recent collapse of the crypto exchange FTX, the US regulators have taken a more controlling stance over several other exchanges within its jurisdiction. The regulators have started an investigation round on FTX.US, Coinbase, and Binance. The US.
Coinbase CEO: US Regulators Make Unclear Regulations For Crypto Firms
Armstrong stated that the regulators are using enforcement action on US-based firms unjustly. He mentioned the new move was due to irregularities in offshore…
