Coinbase CEO Brian Armstrong said that while many other crypto companies consider leaving the United States and face the potential threat of legal action from federal regulators, it is not even possible for Coinbase to leave the United States at this time.
This year, Coinbase has faced lawsuits from the SEC and scrutiny from 10 state regulators, many of which have issued cease-and-desist orders for the exchange’s staking services.
Armstrong said at a fintech event in London in April that the exchange might consider moving its headquarters from the U.S. to a more crypto-friendly country due to a lack of regulatory clarity, but he later told shareholders that Coinbase’s long-term 100% % dedicated to the US market.