Today the Financial Times published an interview with Coinbase CEO Brian Armstrong in which it is revealed that the SEC asked Coinbase to delist all crypto assets except Bitcoin.
Armstrong said that in an official communication with the exchange, the SEC claimed that any crypto asset other than Bitcoin was to be considered a security.
At that point, Coinbase responded by asking for the agency’s reasons for making this claim, and reportedly received in response a denial of that request, as well as an order to remove every asset other than Bitcoin. These events allegedly took place before June, that is, before the SEC sued Coinbase.
Coinbase vs SEC: the end of the crypto industry
Armstrong added that at that point there were only two options: the actual delisting of every asset other than Bitcoin, or going to court to find out how a court would rule.
Later, a court did indeed rule on the matter, although it was not the court assigned to consider the SEC’s complaint against Coin
We współpracy z: https://en.cryptonomist.ch/2023/07/31/sec-asked-coinbase-remove-all-crypto/
