The Securities and Exchange Commission (SEC) reportedly requested Coinbase, a cryptocurrency exchange, to delist all assets other than Bitcoin. Coinbase CEO Brian Armstrong argued against this request, stating that it would have meant the end of the crypto industry in the US. The SEC believes that all crypto assets, except Bitcoin, are securities. However, they have not established clear regulations for the digital currency industry and are instead enforcing their own rules through intimidation. The SEC’s director of enforcement, Gurbir S. Grewal, emphasized the importance of abiding by the existing rules to protect investors.
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