{"id":22613,"date":"2023-07-31T12:12:08","date_gmt":"2023-07-31T12:12:08","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sec-asked-coinbase-to-list-only-bitcoin-ft-report\/"},"modified":"2023-07-31T12:12:08","modified_gmt":"2023-07-31T12:12:08","slug":"sec-asked-coinbase-to-list-only-bitcoin-ft-report","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sec-asked-coinbase-to-list-only-bitcoin-ft-report\/","title":{"rendered":"SEC asked Coinbase to list only Bitcoin: FT report"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/05\/1653509277044-3ce15ada-c674-407e-b6a5-513d64aecf40-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/05\/1653509277044-3ce15ada-c674-407e-b6a5-513d64aecf40-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/05\/1653509277044-3ce15ada-c674-407e-b6a5-513d64aecf40-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/05\/1653509277044-3ce15ada-c674-407e-b6a5-513d64aecf40-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">The US Securities and Exchange Commission (SEC) reportedly asked Coinbase to only list Bitcoin.<\/li>\n<li dir=\"ltr\">Coinbase CEO Brian Armstrong says the pressure left it no choice but to fight it out in court.<\/li>\n<li dir=\"ltr\">SEC chair Gary Gensler has previously noted that almost every other cryptocurrency was a security.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/exchanges\/coinbase\/\">Coinbase<\/a> CEO Brian Armstrong has revealed that the US Securities and Exchange Commission (SEC) wanted it to delist every other cryptocurrency and only offer <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin (BTC)<\/a>.\u00a0<\/p>\n<p dir=\"ltr\">A <a href=\"https:\/\/www.ft.com\/content\/1f873dd5-df8f-4cfc-bb21-ef83ed11fb4d\" rel=\"noopener noreferrer\" target=\"_blank\">report<\/a> the Financial Times published on Monday claims that this happened before the regulator sued the US-based cryptocurrency exchange in June. Per the FT report, Armstrong saiys that the SEC\u2019s demands left Coinbase with no other option but to defend itself in court.<\/p>\n<h2 dir=\"ltr\">SEC\u2019s plans could have \u201cended\u201d crypto in the US<\/h2>\n<p dir=\"ltr\">When the SEC filed a <a href=\"https:\/\/coinjournal.net\/news\/the-sec-strikes-again-first-binance-now-coinbase\/\">lawsuit against Coinbase<\/a> in early June, complaints included the offering of unregistered securities.\u00a0<\/p>\n<p dir=\"ltr\">The Commission named several altcoins listed on Coinbase as unregistered securities, with those singled out being the likes of Cardano (ADA), Solana (SOL) and Polygon (MATIC).<\/p>\n<p dir=\"ltr\">\u201c<em>We really didn\u2019t have a choice at that point. Delisting every asset other than bitcoin, which by the way is not what the law says, would have essentially meant the end of the crypto industry in the US. It kind of made it an easy choice \u2026 \u2018let\u2019s go to court and find out what the court says<\/em>\u2019,\u201d Armstrong said according to details in the FT report published on Monday.<\/p>\n<p dir=\"ltr\">The SEC also <a href=\"https:\/\/coinjournal.net\/news\/sec-sues-binance-and-cz-for-breaking-us-securities-rules\/\">filed<\/a> a similar lawsuit against Binance in June, part of a recent regulatory crackdown that elicited sharp criticism against the agency and its Chair, Gary Gensler.<\/p>\n<p dir=\"ltr\">While Coinbase has vowed to battle SEC\u2019s allegations in court, the Financial Times has quoted the government agency as noting that no such requests have been made by the securities watchdog. Gensler has however noted on numerous occasions that most crypto tokens were securities.<\/p>\n<p dir=\"ltr\">Meanwhile, the regulator suffered a noticeable loss earlier this month when a judge <a href=\"https:\/\/coinjournal.net\/news\/ripple-wins-sec-case-xrp-not-a-security\/\">ruled in favour of the XRP creator Ripple Labs<\/a>. Coinbase, which had delisted XRP, announced the relisting of the altcoin following the ruling that effectively declared it not a security.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/sec-asked-coinbase-to-delist-altcoins-trade-only-bitcoin-before-lawsuit-report\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) The US Securities and Exchange Commission (SEC) reportedly asked Coinbase to only list Bitcoin. Coinbase CEO Brian Armstrong says the pressure left it no choice but to fight it out in court. SEC chair Gary Gensler has previously noted that almost every other [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":22614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22613"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22613"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22614"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}