Coinbase CEO
Brian Armstrong said in an interview Wednesday at the Bloomberg Investing Conference that the company has more than $5 billion on its balance sheet to maintain operations and pay legal fees. "I don't think we'll have a problem going to court, even if it takes some time," he said. Coinbase trades more than 200 assets on its platform, while
the SEC lawsuit mentions only 13 of them as securities, Armstrong said. "So the proportion of assets we trade is relatively small," he said.
Brian Armstrong also said the U.S. Securities and Exchange Commission (SEC) began changing the "tone" of its inquiries into the company last year. "When their tone started to change last year, we had a lot of discussions. They started asking us more questions about the business and we were very cooperative, but unfortunately, we got nothing but silence," he said.
