Coinbase CEO: Binance incident will open a new chapter for the industry

Coinbase CEO Brian Armstrong posted on X platform that today's news (Binance's settlement with US regulators) once again proves that making difficult decisions is the right thing to do. We now have the opportunity to start a new chapter in this industry. Due to the lack of clear regulation, we have encountered many difficulties in our operations in the United States. We hope that today's news can be a catalyst to finally achieve this goal. Americans should not have to go to unregulated offshore exchanges to benefit from this technology. This industry should be established in compliance with US laws on American soil, and we will stay in the United States because we believe in economic freedom, and the democratic system in the United States will ultimately achieve this.