Coinbase CEO Brian Armstrong said one way his company’s dispute with the Securities and Exchange Commission could get resolved is if someone else replaces Gary Gensler as chair of the agency.

"Maybe" that will happen in 2024, he said in an interview Thursday with Yahoo Finance Live (video above) at the Goldman Sachs Communacopia and Tech Conference. Someone else doesn’t need to be in that seat for Coinbase to thrive, he added, but "that would certainly help."

The SEC sued Coinbase (COIN) in June as part of a crackdown on the crypto world. It alleged the company had been operating an unregistered exchange because Coinbase allowed the sale of certain crypto tokens the agency considers to be securities — and therefore part of the SEC's jurisdiction.

The question of what constitutes a security is key in this case as well as the agency's larger campaign to rein in a variety of players in the crypto world. The regulator has charged 20 different crypto actors with violating securities laws since the beginning of 2023.

Armstrong has been outspoken about his opposition to the lawsuit as well as the SEC's approach and stuck to that stance Thursday.

"I do think the leadership there has taken a very hostile view towards crypto ... regulation by enforcement posture instead of just engaging in rulemaking as they're required to by law."

Armstrong added that Coinbase has "really good relationships" with the "staff" that is at the SEC and "many of the commissioners."

He said he does expect there eventually to be clarity on how the crypto industry operates in the US, whether it is from the courts or from legislation written by Congress.

"Or maybe next year we'll have a different SEC chair," he said. "Somehow this is gonna get resolved in the US."

In a blog post Thursday, Coinbase said it was entering a new phase of international expansion, with a focus on acquiring licenses and registering and establishing operations in markets "that are enacting clear rules." Some priority markets include Europe, Canada, Brazil, and Australia. It officially launched in Canada in August.

Coinbase has made it clear it has no plans of leaving the US. Armstrong told Yahoo Finance Thursday that "Coinbase is going to be a US company with a multinational reach."

He also expects crypto to become an issue in the 2024 presidential campaign, and said the candidates running thus far "see it as an opportunity to challenge" policies of the current White House "that they view as not in line with what the American people want."