Coinbase CEO Brian Armstrong has shared his vision for US crypto regulations in an interview with the Wall Street Journal. Armstrong believes that a clear regulatory framework is needed to define the roles of the SEC and the CFTC, while also providing investor protection.

He suggests that implementing basic consumer protection measures is not difficult and that once a framework is in place, entrepreneurs who left the US due to enforcement actions may return to build businesses in the country.

The interview comes just days after the SEC filed a lawsuit against Coinbase for allegedly operating as an unregistered securities exchange, broker, and clearing agency.