SEC Reportedly Asked Coinbase to Halt All Trading—Except for Bitcoin
“We really didn’t have a choice at that point, delisting every asset other than bitcoin, which by the way is not what the law says, would have essentially meant the end of the crypto industry in the US,” Armstrong told Financial Times. “It kind of made it an easy choice...let’s go to court and find out what the court says.
savings account in which users could earn rewards by “staking” their crypto assets. However, the SEC alleged that this program was also an unregistered security and stated in the lawsuit that Coinbase should be“permanently restrained and enjoined” from the product.has wained over the last year and regulators have increased the number of cases they’re bringing against big crypto players, the people who insist that bitcoin will be the ultimate winner are getting a boost of confidence—for now.
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SEC asked Coinbase to stop trading in cryptocurrencies other than bitcoin prior to suing - FTThe U.S. Securities and Exchange Commission (SEC) had asked Coinbase to stop trading in all cryptocurrencies other than bitcoin prior to suing cryptocurrency platform in June, the Financial Times reported on Monday, citing Chief Executive Brian Armstrong.
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Before suing Coinbase, SEC asked it to trade only in bitcoin - FT By Reuters*SEC ASKED COINBASE TO STOP TRADING IN CRYPTOCURRENCIES OTHER THAN BITCOIN PRIOR TO SUING $COIN $BTC BTC
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Coinbase CEO says SEC asked it to delist all cryptocurrencies except bitcoin: Financial TimesBrian Armstrong said the securities regulator had asked it to halt trading of all tokens but bitcoin before suing the exchange last month.
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Coinbase CEO says SEC staff asked it to delist all cryptocurrencies except bitcoin: Financial TimesBrian Armstrong said staff at the securities regulator had asked it to halt trading of all tokens but bitcoin before suing the exchange last month.
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Coinbase CEO says SEC told it to delist everything but Bitcoin: ReportBefore the SEC sued Coinbase it told the exchange to delist all cryptocurrencies besides Bitcoin and asserted all other cryptocurrencies are securities, Brian Armstrong has claimed in an interview with the Financial Times.
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SEC Wanted Coinbase to Delist all Crypto Assets Except Bitcoin Before Lawsuit: FTThe SEC had previously claimed that Coinbase was aware of violating securities law.
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