The Sandbox

Bitcoin

Read

<div class="cryptonews"> 
 <p class="is-style-lead">The US Securities and Exchange Commission (SEC) <a rel="noopener noreferrer nofollow" title="asked" href="https://thebittimes.com/tag/asked.html">asked</a> Coinbase to halt all <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> operations except for Bitcoin (BTC).</p> 
 <p>Financial Times (FT) report cites the San Francisco-based <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> exchange Coinbase’s CEO Brian Armstrong.</p> 
 <p>He claims that SEC’s request came prior to the regulator’s lawsuit against the exchange. On July 6, SEC sued Coinbase for allegedly operating in the US without having the necessary registrations.&nbsp;</p> 
 <p>Moreover, Armstrong believes that the agency’s demand to halt all digital asset trading activities — with Coinbase offering more than 200 tokens — would have brought “the end of the crypto industry in the US.”</p> 
 <blockquote class="wp-block-quote"> 
  <p>“They came back to us, and they said . . . we believe every asset other than Bitcoin is a security. And, we said, well how are you coming to that conclusion, because that’s not our interpretation of the law. And they said, we’re not going to explain it to you, you need to delist every asset other than Bitcoin.”</p> <cite>Coinbase CEO Brian Armstrong told FT.</cite> 
 </blockquote> 
 <p>The report suggests that the SEC took legal action against the exchange for offering the 13 <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies the agency identifies as securities.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Coinbase’s regulatory woes in US far from over, analysts opine&nbsp; 
 </div> 
 <p>The 40-year-old CEO says Coinbase’s choice was rather easy for not delisting the assets. “It kind of made it an easy choice … let’s go to the court and find out what the court says,” Armstrong added.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> British Museum embraces digital collectibles with The Sandbox partnership 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div>

SEC asked Coinbase to cease all crypto trading except Bitcoin, CEO says

TheBitTimes

Autres articles publiés le 1 août 2023

XDC soars over 11% as Bitcoin continues to range

Shiba Inu Breaks Out of a Bullish Pattern, Yet Investors Appear to Carry a Diverse Trading Strategy!

Sequoia Capital Cuts Cryptocurrency Fund Amid Broader Startup Downturn

BNB Smart Chain (BSC) Hit by Copycat Attacks

Binance Charged for Illegal Activities In Nigeria By the SEC

Grayscale urges SEC to approve all Bitcoin ETFs simultaneously

Join our free newsletter for daily crypto updates!