Brian Armstrong, the CEO of Coinbase (NASDAQ:COIN), has reportedly given a mixed response about whether the cryptocurrency exchange plans to leave the United States amid regulatory uncertainty.
According to an Aug. 4 report from the Financial Times, Armstrong said Coinbase was “staying in the United States” despite many other crypto firms considering leaving the country over the potential threat of legal action from federal regulators. Coinbase currently faces a lawsuit from the U.S. Securities and Exchange Commission, as well as scrutiny from 10 state regulators, many of whom issued cease and desist orders on the exchange’s staking services.