Coinbase CEO: The Exchange Might Leave the US

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The CEO of Coinbase, Brian Armstrong, has expressed concern that the lack of regulatory clarity in the US could lead the company to consider withdrawing from the market.

He has noted the advantage of the UK in terms of legal matters, citing the existence of one agency responsible for regulating cryptocurrencies, the Financial Supervision Authority, compared to the two agencies in the US, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).

Armstrong has expressed his frustration with the conflicting statements from the heads of the CFTC and SEC and argued that businesses need a clear set of rules in order to operate.