Coinbase CEO Brian Armstrong said that "Coinbase has to prepare for a years-long court battle with the U.S. Securities and Exchange Commission (SEC). Brian Armstrong called the release of the Wells notice regrettable and said that the company has not yet received more information about the specific issues involved by the SEC." In addition, he also said that the United States "has the potential to become an important market for cryptocurrencies" but currently does not provide regulatory clarity. He said that if this situation continues, then Coinbase will consider making more investments overseas, including moving from the United States to other places.

As previously reported, Coinbase received a Wells notice from the U.S. SEC last month, focusing on pledge services and asset listings. #Web3 #ETH