SEC Asked Coinbase to Suspend All Cryptos except BTC

Coinbase has revealed that the Securities and Exchange Commission (SEC) had asked it to stop trading in all cryptocurrencies except Bitcoin before suing the crypto exchange. Thus, Coinbase was forced to move to court to avert possible damage to the industry.

The information was
shared with the Financial Times by Coinbase’s Chief Executive Officer,
Brian Armstrong. The SEC sued Coinbase in June for allegedly failing to
register as an exchange and listing at least 13 cryptocurrencies
Cryptocurrencies

By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw

By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw
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securities without registering them with the commission.