In a recent news interview, Brian Armstrong, the CEO of Coinbase, criticized the lack of regulatory clarity in the US and expressed his consideration of relocating to the UK. This has fueled speculation regarding the possible launch of Big Eyes Coin (BIG) on the Coinbase platform.
The SEC’s Crackdown On Coinbase
Towards the end of March, the US Securities and Exchange Commission (SEC) sent a ‘Wells notice’ to the Coinbase cryptocurrency exchange, regarding the undefined portion of digital assets listed in the platform.
A Wells Notice is a notification letter sent by the SEC to a company or an individual, informing them of an enforcement action against them. Coinbase requested further clarification on the notice to avoid any legal action, but the SEC refused to provide additional information. Following this, the CEO of Coinbase has been speaking out against the lack of regulatory clarity in the US and the regulatory bodies’ crackdown on the crypto industry.
“The US Lacks Regulatory Clarity”
Arjun Kharpal, a CNBC journalist, recently interviewed Coinbase CEO, Brian Armstrong, in the UK. During the interview, Armstrong discussed the increase in crypto adoption, Coinbase’s growth, and the crackdown on the crypto industry by regulatory bodies in the US. His responses have caused a stir in the crypto community.
Armstrong noted the emergence of good regulatory clarity in Hong Kong, Europe, Singapore, and other countries that are trying to achieve regulatory clarity. He emphasized the need for regulatory clarity to unlock growth in crypto.
Armstrong also criticized the US government for having less regulatory clarity compared to the UK and Europe, stating that regulators in the US are taking more of a “regulation by enforcement” approach that is not helpful. Further, he slammed the SEC for not providing enough explanation regarding the Wells notice issued to Coinbase and stated that his company is prepared to face the SEC in court.
Is Coinbase Moving Out Of The US?
When asked if Coinbase is looking for other countries to relocate to, Brian Armstrong said “We are looking at other markets. Actually the UK is a very good one for us”. He also expressed his appreciation for the interest in crypto demonstrated by the UK Prime Minister and city ministers.
Big Eyes Coin Prepares For A Launch
As the regulatory pressure on the cryptocurrency industry continues to mount, many investors and industry insiders are eagerly awaiting the launch of the Big Eyes Coin on June 15th. The question on everyone’s mind is which exchange will be the first to list this new cat-themed meme-coin, built on the Ethereum blockchain and powered by its native token, BIG.
With a whopping $35.5 million already raised in the presale, the Big Eyes Coin has already established itself as one of the most successful token offerings in recent memory. As the presale enters its final stretch and the launch date approaches, the team behind Big Eyes Coin has been teasing some exciting developments to keep investors and enthusiasts alike on the edge of their seats.
In the latest update from the Big Eyes Coin team, they have revealed their plan to launch a casino featuring over 4,000 games with some exclusive play-to-earn options. The highly-anticipated casino will be launched on August 29 and will only be available to BIG token holders. In addition to this, the team is offering loot boxes at various affordable prices and a 300% bonus for investors who use the code END300. These exciting offers have piqued the interest of crypto enthusiasts, making Big Eyes Coin a lucrative investment option.
With the launch just around the corner, crypto analysts are eagerly trying to predict which exchange will have the privilege of hosting Big Eyes Coin’s debut.
Big Eyes Coin has finally put an end to this endless guessing. The team announced that the BIG tokens will be launched on June 15th on the Uniswap platform.
Uniswap, unlike other leading crypto exchanges such as Coinbase, Binance, and Kucoin, has not been facing any regulatory hurdles. Therefore, it is expected to increase the accessibility and reach of Big Eyes Coin, making it a viable investment option for crypto enthusiasts.
Click the links below to know more about Big Eyes Coin and its six-month Exchange Roadmap here:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
OpenSea: https://opensea.io/collection/big-eyes-lootbox-cards
