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Coinbase CEO Responds to SEC Lawsuit with Optimism for Clear-Cut Regulations

Coinbase CEO, Brian Armstrong, has responded positively to the SEC's lawsuit against the company, stating that it presents an opportunity to establish clear regulations for the industry.

He also criticized the conflicting regulatory stances of the SEC and CFTC on cryptocurrencies. The Chief Legal Officer, Paul Grewal, expressed disappointment with the SEC's actions and called on Congress to adopt the Digital Asset Market Structure Draft. Despite the lawsuits, Coinbase plans to continue operating as usual, with Armstrong emphasizing the importance of fair and transparent regulation for the industry's growth.

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