Coinbase CEO's War Cry After SEC Sues Crypto Exchange: 'We'll Get The Job Done'
Portfolio Pulse from Murtuza Merchant
Coinbase CEO Brian Armstrong is determined to fight the SEC lawsuit against the company, expressing confidence in the facts and the law. Armstrong criticized the SEC's 'regulation by enforcement' approach and called for clarity on cryptocurrency regulations.
June 06, 2023 | 7:45 pm
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Coinbase CEO Brian Armstrong is determined to fight the SEC lawsuit, which may lead to increased legal expenses and uncertainty for the company.
The SEC lawsuit against Coinbase may lead to increased legal expenses and uncertainty for the company. Armstrong's determination to fight the lawsuit indicates that the company is ready to face the legal battle, which may have a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100