SEC Told Coinbase to Stop Trading in All Cryptos Except Bitcoin Before Suing: FT
The SEC asked Coinbase to delist every cryptocurrency except bitcoin before suing the exchange.
Armstrong told the Financial Times the SEC recommendation left us no choice but to head to court.
The U.S. Securities and Exchange Commission (SEC) had asked Coinbase (COIN) to stop trading in all cryptocurrencies other than bitcoin (BTC) prior to suing the crypto exchange, according to a Financial Times report, citing Coinbase CEO Brian Armstrong.
The SEC told the FT its enforcement division did not make formal requests for “companies to delist crypto assets.”
“In the course of an investigation, the staff may share its own view as to what conduct may raise questions for the commission under the securities laws”
