Should Coinbase Stop Trading All Cryptocurrencies Except Bitcoin?

Should Coinbase Stop Trading All Cryptocurrencies Except Bitcoin?



According to a report by the Financial Times, the United States Securities and Exchange Commission (SEC) advised Coinbase, a prominent cryptocurrency exchange, to halt trading in all cryptocurrencies except bitcoin (BTC) before initiating legal action against the company. Coinbase CEO Brian Armstrong revealed that the SEC made this recommendation to the exchange. The legal action was taken against Coinbase for allegedly not registering as a broker with the SEC.



On June 6, the SEC took legal action against Coinbase, accusing the exchange of violating federal securities law. The SEC alleged that Coinbase was functioning as a broker, an exchange, and a clearinghouse for unregistered securities, including 13 different cryptocurrencies, excluding bitcoin. In response, Coinbase strongly reacted, asserting that the SEC's action infringed


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#Coinbase, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Regulations, #SEC

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