Crypto Industry Leaders Speak Out on Regulatory Uncertainty and Future Growth

Coinbase CEO Brian Armstrong said the cryptocurrency exchange is preparing for a court battle with the U.S. Securities and Exchange Commission (SEC) after the regulator warned the company of potential violations of securities law. The SEC issued Coinbase with a Wells notice last month, which is often one of the final steps before the regulator formally issues charges. Armstrong accused the SEC of an "abdication of responsibility" and said the company is looking to invest more outside of the U.S., including relocating, if regulatory clarity is not provided.