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Coinbase Remains '100% Committed' to US Market

Coinbase CEO Brian Armstrong has reassured investors that the company has no plans to move its operations out of the US, despite regulatory uncertainty. Armstrong said that the company is "100% committed" to the US market and optimistic that Congress will soon pass a clear set of rules for crypto firms to follow. However, he expressed concern about the unpredictable enforcement actions of the Securities Exchange Commission. Coinbase recently launched Coinbase International Exchange for customers in 30 countries worldwide, prompting speculation that the company was looking for an escape route from the US. Coinbase's Q1 revenue increased 22%, and its net income loss was reduced from over $475 million to $79 million. (Cointelegraph)

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