2023-04-28
At the Consensus 2023 conference, Coinbase's CEO addressed the company's regulatory concerns in a video, which included a warning letter from the U.S. Securities and Exchange Commission (SEC). The video featured Paul Grewal, Coinbase's Chief Legal Officer, and was released on YouTube.
Ref: Brian Armstrong 🛡️ on Twitter
The message was aimed at the SEC
Chairman and Commissioners, and both Grewal and Armstrong reiterated Coinbase's
commitment to compliance and willingness to work within regulatory boundaries.
They also stated that the company is prepared to defend itself in court if
necessary.
"Coinbase's fundamental
commitment to compliance has not changed," and the message was directed
towards the SEC Chairman and Commissioners.
Grewal argued that Coinbase's business
has not changed since the company was approved for registration on the Nasdaq
stock market two years ago. He also stated that the industry needs regulations
and standards, and that Coinbase is committed to working within the boundaries
of regulation.
Armstrong echoed this sentiment,
stating that Coinbase is ready to defend itself in court if necessary.
Let's see more details! https://www.youtube.com/watch?v=zq2jf4sBdYE
