Below excerpt article reported by Investing.com. (2023, July 31). Coinbase CEO: SEC asked for trading halt in everything except Bitcoin – FT. Yahoo Finance

Coinbase CEO: SEC asked for trading halt in everything except Bitcoin – FT

“The U.S. Securities and Exchange Commission requested that Coinbase (NASDAQ:COIN) cease trading in all digital tokens except for Bitcoin prior to filing a lawsuit against the cryptocurrency exchange, according to the Financial Times.”

“In an interview, Coinbase Chief Executive Brian Armstrong told the paper that the SEC “said…we believe every asset other than bitcoin is a security.” Armstrong added that the regulators then asked that Coinbase delist all of the more than 200 tokens it offers to customers, apart from Bitcoin.”

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