Coinbase CEO: The U.S. is "behind a lot" in legislation and banking regulation, willing to go to court to defend the industry

ChainCatcher news, Coinbase CEO stated during a Twitter Space on Thursday that the recent actions of the U.S. Securities and Exchange Commission (SEC) put the U.S. financial system at risk.

He mentioned that the U.S. is "far behind" in areas such as legislation and banking regulation compared to countries like the UK, Brazil, and Singapore. If no action is taken, the situation could worsen. He hopes that Coinbase can receive "clear guidelines."

Additionally, he added, "To some extent, we are willing to go to court. If this is what it takes to establish some case law for this industry." (source link)