SEC Demanded Coinbase to Halt Altcoin Trading Prior to Lawsuit

Brian Armstrong, the CEO of the cryptocurrency exchange, revealed that the SEC had insisted on the suspension of trading for nearly all tokens on their platform, with the exception of Bitcoin. According to Armstrong, SEC representatives stated during discussions that they considered all assets listed on their exchange (except Bitcoin) to be securities. The exchange's management, however, disagreed, arguing that the regulator's demands exceeded the scope of their legal authority.



Following this disagreement, in early June of this year, the SEC filed charges against Coinbase, alleging violations of securities laws. As evidence, they provided a list of 13 cryptocurrencies with descriptions of their functionality.

The legal proceedings are still ongoing. While some may think that the recent favorable outcome in the case against Ripple could bolster Coinbase's chances of fending off the SEC's legal attack, the situation remains ambiguous due to the SEC's contrasting stance on tokens sold to private individuals versus institutional investors.

#SEC #Coinbase #Cryptocurrency #Regulations #Altcoins

Комментарии

Отправить комментарий

Популярные сообщения из этого блога

Изображение
Scammers in GameFi: a new type of fraud in clicker games A new trend in the gaming industry - GameFi - is attracting more and more people who want to  make quick money on cryptocurrencies. However, as in all areas where there is money, there are those who are ready to take advantage of the gullibility and inexperience of newcomers. I'll tell you how not to fall for a scam and keep your money safe. To do this, I looked at several Notcoin-type games to show why some of them are just fly-by-night games designed to make a quick buck. I also gave advice on how to avoid risks when investing in GameFi projects and showed how to check whether a startup really has thoughtful tokenomics and serious investors. If you are interested in GameFi and want to make money on cryptocurrency, but do not want to take risks, then this article is for you. Read on to stay up to date with the latest news and trends in GameFi 👉👉👉 https://telegra.ph/Lado-Okhotnikov-How-to-Avoid-Getting-Scammed-in-Pursuit-o...
Далее...
Изображение
  Today, in honor of the Eid al-Adha festival, we have again expanded the limits of the 5-year MFS Vesting tariff, and immediately distributed $5 million to holders of status Royalty NFTs! There are very few people on short tariffs. Most are on the basic 3-year plan (receive 100% of their MFS). There are a lot of participants in the 5-year plan. We are preparing a pleasant surprise for participants on long Vesting tariffs. As a result, they will be very happy with their choice! We'll present the details soon... We are once again convinced that Forcecoin holders are an especial Community and that our crypto is in strong hands. Most choose long-term participation, and this is great news for our cryptonomics, a foundation that confirms the Force.
Далее...
Изображение
  Meta Force is preparing to release a new game in its metaverse It will not be just a game, but a whole virtual world with its own economy. Users will be able to explore the space, communicate, complete tasks, and even exchange in-game cryptocurrency for real goods. The scale of the project is impressive - the team pays special attention to graphics, detail, player motivation and safety. The article describes in more detail the stages of creating the game architecture - from concept and prototype to alpha and beta testing. It is planned to gradually immerse users in the P2E (Play-to-Earn) mechanics, taking into account the different needs of the audience. #MetaForce #MMO #Metaverse #P2E
Далее...