Crypto News: Coinbase Global, the U.S. largest crypto exchange and U.S. Securities and Exchange Commission (SEC) seems to be heading to a major legal battle over clarity around Digital Crypto Assets. However, Brian Armstrong, CEO of Coinbase hinted that it could move offshore if the financial regulators fail to provide regulatory clarity.
Also Read: Key Agendas In SEC Chair Gensler Prepared Testimony Before US House
The global digital asset market is on a recovery rally as Bitcoin’s (BTC) price breached the crucial $30K level. The cumulative crypto market cap stands at around $1.27 trillion. Amid the recovery, the industry leaders are hitting back at the U.S. SEC and CFTC demanding regulatory clarity in order to operate legally.
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Source: https://coingape.com/crypto-news-coinbase-coin-price-drops-3-as-ceo-hints-moving-offshore/