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

Otros artículos publicados el 5 ago 2023

ARK Invest’s Bitcoin Forecast: The Factors Driving the Next Bull Run

Canadian police deploy Chainalysis Reactor to combat crypto scams

DOGE Army Responds to Elon Musk’s Starbucks Tweet, Here’s Why

Compound Price Prediction: Is It the Time To Dump COMP?

Alien Worlds, The Swamp By DigiToads Popular As Gamers Look to Ride On The P2E Revolution

Curve Finance Halts Token Rewards for Compromised Pools After Recent Exploits

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!