Cardano

Coinbase CEO, Brian Armstrong, mentioned that the crypto trading platform might have to delist 13 digital tokens, including Cardano (ADA), due to a lawsuit filed by the U.S. Securities and Exchange Commission (SEC).<img src="https://academy-public.coinmarketcap.com/optimized-uploads/327925122d0d4511a1473431e26c8125.gif" />The SEC lawsuit claims that these tokens, though only a small fraction of the 240 assets on the platform, are considered unregistered securities. As a result, Coinbase is facing the <a href="https://cryptosheadlines.com/binance-adds-shiba-inu-as-collateral-asset-shibariums-bone-listing-possible/" rel="noopener noreferrer nofollow">possibility of removing them from its list</a> of available cryptocurrencies.In a recent interview with the Financial Times, Coinbase CEO Brian Armstrong discussed the possibility of <a href="https://cryptosheadlines.com/bakkt-delists-cardano-polygon-and-solana-due-to-regulations/" rel="noopener noreferrer nofollow">delisting Cardano</a> (ADA) and other tokens due to the SEC lawsuit. He referred to it as the “worst-case scenario,” but he downplayed its potential impact on the company. Armstrong believes that even if these tokens are delisted, it won’t lead to a significant loss of revenue or an existential crisis for Coinbase.Regarding the speculation about Coinbase relocating to crypto-friendly countries like Bermuda, Armstrong dismissed the idea. Despite ongoing regulatory scrutiny in the <a href="https://cryptosheadlines.com/gemini-a-cryptocurrency-exchange-is-set-to-introduce-a-derivatives-platform-in-international-markets-outside-of-the-united-states/" rel="noopener noreferrer nofollow">United States</a>, he emphasized that Coinbase has no plans to move its operations elsewhere and is committed to staying in the country.The SEC lawsuit has posed a significant setback for Coinbase, a vocal supporter of the <a href="https://cryptosheadlines.com/cardano-chief-calls-for-unity-in-crypto-industry-after-secs-binance-lawsuit/" rel="noopener noreferrer nofollow">crypto industry</a>. However, Armstrong’s comments indicate that the company is prepared to navigate through the challenges and <a href="https://cryptosheadlines.com/binance-us-user-assets-secure-operations-continue-despite-sec-tro/" rel="noopener noreferrer nofollow">continue operating</a> in the U.S., even if it means delisting some of its popular tokens. <a href="https://cryptosheadlines.com/coinbase-ceo-warns-of-possible-delisting-for-cardano-ada-and-12-others/" rel="noopener noreferrer nofollow">Read More...</a>

Coinbase CEO Warns of Possible Delisting for Cardano (ADA) and 12 Others

CryptosHeadlines.com

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