Coinbase CEO says some operations may move overseas if U.S. crypto laws are delayed

Coinbase CEO Brian Armstrong said in a CNBC interview on July 21 that the company may consider shifting some operations to overseas markets if clear cryptocurrency legislation is not passed. Armstrong said Coinbase wants to keep its core business in the U.S., but doing so requires a clear legal basis and a predictable regulatory environment even if the administration changes. Without a regulatory framework in place, capital, companies and users could continue moving outside the U.S. regulatory system.