Coinbase reported proper outcomes in its Q4 2023 earnings name, however the firm additionally emphasised its dedication to helping steer the substitute thru regulatory uncertainty.

Coinbase reported earnings of $1.04 a portion on earnings of $953.8 million, topping analysts’ projections, even as the firm stares down a lawsuit from the SEC and assorted regulatory uncertainty.

“We remain confident the US will bag this merely whether it comes from the courts increasing novel case guidelines, Congress passing novel guidelines, or within the spoil the 52 million Americans who secure feeble crypto vote casting in this upcoming election,” acknowledged Coinbase CEO Brian Armstrong on the firm’s earnings name.

Armstrong called out the US as soon as extra for its risky legislative climate, telling customers Coinbase plans to continue to drive regulatory clarity for the substitute, collectively with supporting the $85 million Fairshake Huge PAC with the aim of electing crypto-certain candidates.

Armstrong additionally acknowledged the firm would continue to fight within the courtroom to bag perfect case guidelines passed — a recognition of the firm’s ongoing litigation with the U.S. Securities and Alternate Commission in which the SEC charged Coinbase with checklist digital property that had been unregistered securities.

Paul Grewal, the Chief Factual Officer at Coinbase who no longer too long within the past led the firm’s price to secure the SEC’s case brushed aside, acknowledged on the earnings name that it’s the least bit times very no longer easy for defendants to completely dismiss any case at this stage.

“We strongly think that we’re merely as a topic of guidelines, and we’re grateful to the court’s cautious attention to this topic and deep belief of the factors on the oral argument,” Grewal acknowledged.