Coinbase CEO, Brian Armstrong, revealed that the Securities and Exchange Commission (SEC) asked the company to delist all cryptocurrencies except for Bitcoin. The SEC argued that these cryptocurrencies were unregistered securities. However, Armstrong disputed this interpretation of the law and decided to take the matter to court. The SEC did not provide a comment on the situation. This comes after the SEC recently lost a lawsuit against Ripple’s XRP token, with a judge ruling that XRP is not a security when sold to the general public.
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