Coinbase Says Without Regulatory Clarity It Will Be Forced to Leave the U.S.

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 19 April 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

The U.S. regulatory crackdown on crypto seems to be having the exact impact that industry advocates feared, because some of the largest companies in the space consider relocating to more favorable regulatory regimes. This week, Coinbase CEO Brian Armstrong is in the U.K., and told an audience at Fintech Week in London that without regulatory clarity the crypto exchange may have to leave the U.S. Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	In the wake of one of the most tumultuous years in crypto history, the conversations happening
0:05.4	at Consensus 2023 have never been more timely and important. This April, CoinDisc is bringing
0:10.6	together all sides of the crypto, blockchain, and Web3 community to find solutions to crypto's
0:15.0	thornyest challenges, and finally deliver on the technology's transformative potential.
0:19.6	Join developers, investors,
0:26.0	founders, brands, policymakers, and more in Austin, Texas, April 26th to 28th for Consensus 2023. Listeners of the breakdown can take 15% off registration with code breakdown.
0:31.7	Register now at consensus.com and join CoinDesk at Consensus 2023.
0:46.4	Welcome back to The Breakdown with me, NLW.
0:52.4	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:55.9	The breakdown is produced and distributed by CoinDesk.
0:59.2	What's going on, guys?
1:08.3	It is Tuesday, April 18th, and today we are discussing why Coinbase is saying that without regulatory clarity, they'll be forced to leave the U.S.
1:13.0	Now, a quick note before we dive in, I know you've heard it a lot, but just in case you are listening and you somehow haven't heard, this is the last week that the breakdown will be
1:17.6	on the CoinDesk Podcast Network.
1:19.2	We announced the Breakdown Network last week, which is a set of shows including the
1:22.6	breakdown, Bitcoin Builders, and now the AI breakdown as well, and that means our
1:26.6	partnership with CoinDisc is coming to an end. Going forward, after this Sunday, April 23rd, if you want to
1:33.6	listen to The Breakdown, you will have to subscribe to the Breakdown-only feed. You can find it
1:38.5	wherever you listen to podcast by searching The Breakdown, or the Breakdown NLW, or the Breakdown
1:42.8	Nathaniel Whitamore, basically anything around the breakdown. So again,LW or the breakdown Nathaniel Wittemore, basically anything around
1:44.9	the breakdown. So again, that's after April 23rd, which is this Sunday, the breakdown will no longer
1:50.5	be on the Coin Desk Podcast Network. All right, folks, so today we're looking at sort of the global
	...

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