Coinbase CEO Brian Armstrong Reveals SEC’s Potential Crypto Industry Upheaval
According to an article on MSN, the CEO of Coinbase, Brian Armstrong, revealed that the SEC suggested his company make a change while the agency prepared to sue the firm for allegedly operating as an unregistered broker. The SEC suggested that Coinbase delist every asset other than Bitcoin, which would have essentially meant the end […]
According to an article on MSN, the CEO of Coinbase, Brian Armstrong, revealed that the SEC suggested his company make a change while the agency prepared to sue the firm for allegedly operating as an unregistered broker. The SEC suggested that Coinbase delist every asset other than Bitcoin, which would have essentially meant the end of the crypto industry in the U.S. If Coinbase complied with the SEC’s request, it would have delisted every one of the more than 200 tokens it offers, apart from Bitcoin. This would have set a precedent that meant most American crypto firms would have been left operating illegally unless they registered with the SEC. Armstrong told the publication of Coinbase’s decision to reject the SEC’s request: “It kind of made it an easy choice…let’s go to court and find out what the court says”.
Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency. And most trusted place for people and businesses to buy, sell, and manage crypto. Coinbase offers a wide range of services such as downloader, file manager, phone cleaner, music player, and online video. Users can earn up to $400 on average just by taking advantage of their rewards. Offers hundreds of cryptocurrencies that can be bought and sold easily and securely. Also offers powerful analytical tools with the safety and security of Coinbase delivering the ultimate trading experience. Coinbase Wallet allows users to store their crypto in their own personal crypto wallet and explore decentralized finance (DeFi), buy and sell NFTs, and more.
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