Armstrong is confident that the US will achieve clear regulation for cryptocurrencies

El CEO de Coinbase mostró esperanzas con respecto a una regulación clara para las criptomonedas en la región

Brian Armstrong, CEO of cryptocurrency exchange Coinbase, stressed that regulating cryptocurrencies is not “rocket science” and he is confident that the United States will achieve regulatory clarity, even if it takes time.

Armstrong was interviewed by The Wall Street Journal just days after the US Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase on September 6. June. The SEC alleges that Coinbase has been operating as a stock exchange, broker, dealer, and clearinghouse without registering with the commission.

Armstrong addressed the lawsuit in the interview, explaining that he believes those records were not necessary for Coinbase to operate. “The assets we do trade are commodities, so they don’t require those registrations […] we are trading crypto commodities on our exchange.”

The CEO highlighted that the dispute between the SEC and Coinbase is important to the US cryptocurrency industry as a whole and hopes it will lead to greater clarity and prevent the country from “falling behind” the rest of the world.

Armstrong believes that once there are clear and stable regulations regarding cryptocurrencies in the United States, the return of crypto companies to the country will be encouraged. “We will see businessmen return to the US. They will say that they will not be randomly attacked or face incredibly high legal bills at any given time.”

K. Tovar

Source: Cointelegraph

(Reference image source: Kelly Sikkema, Unsplash)

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