Logo
Cardano Ecosystem

Cryptobeatnews

10/16/2023

·

58 views


SEC asked Coinbase to trade only in bitcoin in June - Crypto Beat News

According to Reuters, the U.S. Securities and Exchange Commission (SEC) issued a request to Coinbase (COIN.O) back in June, asking them to halt trading in all cryptocurrencies except for bitcoin. This demand came just before the SEC filed a lawsuit against the cryptocurrency platform. Coinbase, instead of complying with the request and delisting all assets

SEC asked Coinbase to trade only in bitcoin in June - Crypto Beat News

According to Reuters, the U.S. Securities and Exchange Commission (SEC) issued a request to Coinbase (COIN.O) back in June, asking them to halt trading in all cryptocurrencies except for bitcoin. This demand came just before the SEC filed a lawsuit against the cryptocurrency platform. Coinbase, instead of complying with the request and delisting all assets other than bitcoin, decided to take the matter to court, fearing that such a move would have severely impacted the entire crypto industry in the United States.

The SEC’s accusations against Coinbase include operating illegally by failing to register as an exchange and trading at least 13 crypto security assets that should have been registered, such as Solana, Cardano, and Polygon.

On the other hand, the SEC claims that they never formally requested the delisting of crypto assets. The regulatory authority had also filed a civil case against Binance in June, as part of SEC Chair Gary Gensler’s efforts to establish jurisdiction over the crypto industry.

Crypto companies argue that the SEC’s rules lack clarity and that the agency is overstepping its boundaries by attempting to regulate them.

Continue Reading

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Cryptobeatnews

ORIGINAL SOURCE

https://www.cryptobeatnews.com/2023/07/3...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Cryptobeatnews

See more
Cardano’s ADA Powers Argentina’s First Legal Smart Contract
Cryptobeatnews
Cardano’s ADA Powers Argentina’s First Legal Smart Contract

10/09/2024

·

301 views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)