Coinbase CEO: Trading crypto commodities does not require completing multiple registrations mentioned by the U.S. SEC in the lawsuit

ChainCatcher news, Coinbase CEO Brian Armstrong discussed the SEC lawsuit in an interview with The Wall Street Journal, stating that Coinbase does not need these registrations to operate. "The assets we trade, those are commodities, so they don't need those registrations."

He also denied that Coinbase claims to be a broker-dealer, but pointed out that its broker-dealer license has not yet been approved. "We do not claim to be a broker-dealer; we have obtained a broker-dealer license that is still dormant because they do not allow us to activate it."

Additionally, he believes that the U.S. will achieve regulation of cryptocurrencies, "even if it takes some time," as this is an important component of attracting entrepreneurs back to the country. (Source link)