He vowed to fight to fix this issue and push for more sensible regulation of the crypto industry.

Coinbase (COIN) shares are experiencing selling pressure due to regulatory crackdowns and continued quarterly losses. CEO Brian Armstrong is reportedly considering leaving the US due to a lack of regulatory clarity. COIN stock price fell 4.19% to $64.44 on Wednesday, and there are concerns among investors about the company's offshore expansion plan to Bermuda and Abu Dhabi. Coinbase has received a license in Bermuda and is seeking one from the FSRA in Abu Dhabi. Despite the decline in trading volumes, Coinbase is actively expanding in Europe ahead of passing MiCA regulation by the European Parliament. Investors are questioning why Coinbase was approved to go public in the US if the SEC believes the exchange is operating illegally.

Coinbase CEO Brian Armstrong has hinted that the cryptocurrency exchange may relocate from the United States to the United Kingdom due to the US's lack of regulatory framework for cryptocurrencies. Armstrong tweeted about a "great meeting" with UK Economic Secretary to the Treasury Andrew Griffiths, praising the UK's positive outlook on emerging technologies and cryptocurrencies.

Coinbase emphasizes the need for a more modern, transparent, and secure financial system, stressing that cryptocurrency can provide these benefits.

Coinbase is on the brink of legal warfare with the Securities and Exchange Commission (SEC) to reach long-awaited clarity on how federal securities laws apply to the crypto industry, according to CEO Brian Armstrong. 

Despite the challenges of 2022, the African continent's blockchain community has continued to attract significant investments, with blockchain venture funding increasing five-fold on a yearly level.

Coinbase Global, the largest crypto exchange in the US, is potentially heading towards a legal battle with the US Securities and Exchange Commission (SEC) over regulatory clarity around digital assets. Coinbase CEO Brian Armstrong has hinted that the exchange may move offshore if financial regulators fail to provide the necessary regulatory clarity. The global digital asset market is experiencing a recovery rally, with Bitcoin's price surpassing the important $30,000 level and the cumulative crypto market cap standing at around $1.27 trillion. Amid the recovery, industry leaders are calling for regulatory clarity to operate legally, and Armstrong has stated that clear regulation and legislation onshore are necessary, and if leaders like the UK and US fail to provide clarity, crypto firms may build offshore havens. Coinbase's stock price has registered a surge of almost 2% in pre-market trading.

Coinbase CEO Brian Armstrong has indicated that the crypto exchange would consider relocating away from the US if regulatory clarity for the industry does not emerge. Armstrong said "anything is on the table, including relocating or whatever is necessary" after former UK Chancellor George Osbourne asked him whether he could see Coinbase moving out of the US at Fintech Week in London. Armstrong believes that the US has the potential to be an important market for crypto, but the lack of regulatory clarity is a concern. If regulatory clarity does not emerge in the US in the coming years, Armstrong suggests that Coinbase may have to consider investing more elsewhere in the world.

Coinbase CEO Brian Armstrong sold $1.8 million worth of the company's stocks in April, according to Dataroma data. This follows his sale of 89,196 Coinbase shares for $5.8 million in March, which sparked concerns among some in the crypto community about the timing of the sales. Armstrong had previously pledged to sell 2% of his stake in the company, and he is not the only Coinbase executive to sell stocks. Coinbase's COIN stock has performed well, rising roughly 92% year-to-date, coinciding with Bitcoin's return to above $30,000 and renewed interest in digital assets among investors.

April 9 (Cointime) - Brian Armstrong, the CEO of Coinbase, confirmed in a recent tweet that the cryptocurrency exchange is planning to integrate the Lightning Network on its platform.