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CEO Brian Armstrong: Coinbase Is Prepared for a Lengthy Battle with the SEC in Court

Coinbase CEO Brian Armstrong has stated that the exchange is prepared to face the US Securities and Exchange Commission (SEC) in court after receiving a Wells Notice from the watchdog in March, which stated that the agency was preparing to file an enforcement action against the exchange for allegedly violating securities laws in the country. Armstrong stated that the SEC failed to establish clear standards for the crypto market, making the court the last resort for the needed clarity, and that Coinbase is prepared for a lengthy battle with the SEC in case the lawsuit takes years to conclude. He is also optimistic that the exchange has all it takes to win the SEC in court, noting that they have a strong case and that the SEC has to follow the rule of law.

(By Solomon Odunayo)

Brian Armstrong Coinbase SEC
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