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Coinbase CEO responds to SEC lawsuit, welcomes clarity on crypto rules in court

Coinbase CEO Brian Armstrong has responded to the SEC lawsuit against his company, stating that the team is confident in their facts and the law and welcomes the chance to get clarity around crypto rules in court.

The SEC filed a suit against Coinbase on June 6, alleging that it has been operating a securities exchange, broker-dealership, and clearing house without registering with the commission.

Armstrong claimed that the lawsuit against Coinbase is different from others as it is exclusively focused on what is or is not a security, making the team confident in their facts and the law. He expressed hope that court proceedings will allow crypto exchanges to finally get clarity on how to comply with securities laws.

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