Coinbase CEO defends US commitment amidst regulatory uncertainty and shareholder action.

Coinbase CEO Brian Armstrong criticized the U.S. Securities and Exchange Commission (SEC) for its regulatory stance on cryptocurrencies, calling it a "lone crusade" by SEC Chair Gary Gensler. However, Armstrong stated that Coinbase would not relocate from the U.S. despite regulatory uncertainty. The SEC has served Coinbase with a Wells Notice, alleging that it is selling unregistered securities to investors. Armstrong said that Coinbase is looking to increase its international investments and is "very interested" in the United Arab Emirates as a country to do more investment in.