The SEC requested Coinbase to suspend trading of all digital assets except for Bitcoin (BTC), leading to a legal battle.
Coinbase CEO revealed the SEC’s stance that all assets, except BTC, are securities, which could have significant implications for the crypto industry.
Coinbase, a prominent American cryptocurrency exchange, is currently in a regulatory dispute regarding its trading practices with the US Securities and Exchange Commission (SEC). In an interview with the Financial Times, Coinbase CEO Brian Armstrong revealed that the SEC asked the exchange to halt trading all digital assets listed on the platform, except for Bitcoin (BTC), before initiating legal action against the company in June.
The SEC’s lawsuit claimed Coinbase violated securities laws by enabling unregistered trading of 12 digital tokens, considered securities. To avoid the lawsuit, the regulatory body demanded that Coinbase delist over 200 tokens traded on its platform, except for BTC.
According to the Coinb

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