Coinbase Warns of Partial Offshore Shift if Crypto Bill Fails

Coinbase CEO Brian Armstrong has warned that part of the company's business could exit the U.S. if crypto legislation stalls in Washington.

Armstrong made this clear during a recent CNBC interview on Capitol Hill, where he emphasized the need for a stable federal law regulating cryptocurrencies.

The current vacuum leaves the industry in limbo between SEC enforcement actions and CFTC ambiguity, with market participants uncertain about how to navigate the complex regulatory landscape.

Armstrong distinguished between the core U.S. operation and parts of Coinbase that can operate from jurisdictions offering licensing frameworks, such as Bermuda, the UAE, Singapore, or the EU.