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<ul>
 <li>Coinbase Founder, Brian Armstrong, says embracing compliance led to long-term success.</li>
 <li>By doing so since 2012, Coinbase sees a chance for a new era in the crypto industry.</li>
 <li>Coinbase affirms its decision to stay in the US and is betting on regulatory clarity.</li>
</ul>
<p>In a strategic move, Coinbase founder, Brian Armstrong, reflects on the company’s commitment to compliance since its 2012 inception. Recognizing the need for a long-term vision, the platform prioritized obtaining licenses, assembling compliance and legal teams, and branding itself as a trustworthy entity. <a href="https://cryptonewsland.com/coinbase-challenges-secs-overreach-in-defining-securities/" target="_blank" rel="noopener noreferrer nofollow">Coinbase’s compliance-oriented approach</a> resulted in a deliberate pace, aiming for sustainability over rapid product launches.</p>
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   <p lang="en" dir="ltr">Since the founding of Coinbase back in 2012 we have taken a long-term view. I knew we needed to embrace compliance to become a generational company that stood the test of time. We got the licenses, hired the compliance and legal teams, and made it clear our brand was about trust…</p>— Brian Armstrong <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6e1.png" alt="🛡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1727054176763756826?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 21, 2023</a>
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<p>The company’s decision to go public in 2021 underscored its dedication to transparency and trust. <a href="https://www.coinbase.com/" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a> acknowledges the challenges of a compliant approach, emphasizing the difficulty and expense involved.&nbsp;</p>
<p>However, Armstrong asserts that adhering to the <a href="https://www.sec.gov/" target="_blank" rel="noopener noreferrer nofollow">rule of law</a> is the correct path, ensuring the company’s endurance as a generational entity. Recent developments highlight the significance of Coinbase’s commitment to compliance.</p>
<p>Despite facing obstacles due to regulatory uncertainties in the U.S. crypto space, the company sees the opportunity to usher in a new era for the industry. <a href="https://cryptonewsland.com/coinbase-ceos-optimism-for-post-2024-u-s-election-crypto-regulations/" target="_blank" rel="noopener noreferrer nofollow">Armstrong expresses optimism</a> that this news can act as a catalyst for achieving regulatory clarity, ultimately eliminating the need for Americans to resort to offshore exchanges.</p>
<p>Coinbase affirms its commitment to staying in the U.S., believing in economic freedom and expressing confidence that the democratic system will provide the right regulatory framework.</p>
<p>Lastly, Armstrong sees decentralization and crypto as powerful tools to revolutionize the financial system and contribute to a more economically free global economy, emphasizing that Coinbase is only at the beginning of its journey.</p>
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<p>The post <a href="https://cryptonewsland.com/coinbase-embraces-compliance-eyes-new-chapter-in-crypto-industry/" rel="noopener noreferrer nofollow">Coinbase Embraces Compliance, Eyes New Chapter in Crypto Industry</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Coinbase Embraces Compliance, Eyes New Chapter in Crypto Industry

Crypto News Land

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