The Gary Gensler effect continues! This time it leads the CEO of the largest and most popular exchange in Uncle Sam's land, Brian Armstrong, to declare that if regulations are not further eased, Coinbase may have to consider moving its headquarters.

Coinbase is a US-domiciled company, regulated and listed on the NASDAQ exchange, the pride of the country, which, according to Bloomberg, the CEO declared that the possibility of Coinbase Global Inc relocating its headquarters is a reality. The statements were made at a conference in which the strongman of Coinbase participated in London when asked if the possibility existed, to which he responded positively, however, not guaranteed where and when this may happen, depending on several factors.

It is no surprise that Brian Armstrong is the main vocalist when it comes to calling American regulators to reason when there is a lack of clarity in the policy of regulating crypto entities operating in the United States of America. The company, Coinbase, was notified last March by the American regulator, in this case the SEC, that the decentralized coin broker may have an intervention conducted at any time.

This new position of Coinbase comes to light after the boss of the Securities and Exchange Commission (SEC) had a hearing with senators on the financial services committee of the Washington chamber to testify about the action the entity has been conducting regarding crypto companies operating in American territory.

There were huge voices from Republicans who reminded Gary Gensler that the laws are not clear regarding crypto companies, since the rules and laws that the institution follows were developed for companies operating in the traditional American market. Others went even further by drawing attention to the leader of the SEC, that the intransigence he demonstrates could lead companies to leave the American market and seek more favorable locations for the crypto industry.

This could lead to a delay in the United States compared to direct competitors and jeopardize the country's ambition to become a hub in cryptocurrencies.

The intransigence of the strongman of the Securities and Exchange Commission has already led an exchange, Bittrex US, to leave the American market after being hit by the "confusing" regulation of the American entity alleging that the former CEO and the platform itself used ploys to avoid raising suspicions about the products traded on the platform, a situation that had been conducted since 2014.

The actions of Gary Gensler and the cast he directs do more harm than good, assuming that the rules that govern the traditional American financial market are not the same as those that must be part of the crypto market, since even regulated and registered companies in the territory may still be penalized alleging that they infringed some rule of the securities market.

It is precisely this lack of clarity that Brian Armstrong and others contest and that Gary Gensler does not care about and that may have disastrous consequences for the entire American securities market.

The cryptocurrency market is a giant and a technological innovation that is here to stay, maybe someone should remind Gary Gensler about that!...