American cryptocurrency exchange Coinbase will sue the Securities and Exchange Commission. This was announced by the CEO of the trading platform Brian Armstrong.
With such a statement he commented on the SEC claims, sent to the exchange last month. Coinbase does not rule out that it will be forced to leave the U.S. jurisdiction in the case of increased scrutiny of businesses focused on the digital currency market.
Brian Armstrong stressed that his exchange is prepared to take legal action against the SEC. He did not rule out that this confrontation could last for several years.
In an interview with CNBC, the exchange’s CEO admitted that Coinbase could be the first to file a lawsuit against the SEC. The company believes that the regulator is applying sanctions against market participants without the authority to do so.
The industry in the United States has not yet been legalized and the authorities are only preparing a bill on its regulation.
Brian Armstrong said: “We never go to court, but it looks like in this case they [the SEC] are initiating it, and if we need to go to court early to get the legal clarity we need, we’re willing to do it.”