According to new statements from the exchange and the regulator, the US Securities and Exchange Commission did not ask Coinbase to delist any specific assets before it sued the exchange.
A Coinbase representative told Blockworks the article in the Monetary Times guaranteeing that Chief Brian Armstrong said that the SEC had made a “suggestion” to end exchanging “in all digital forms of money other than bitcoin” was “a wrong portrayal of current realities.”
“Preceding prosecution, the SEC didn’t anytime demand that Coinbase delist a particular resources, which the SEC recognizes in a similar article,” the representative said. ” The meeting as distributed recently by the Monetary Times excludes significant setting in regards to our discussions with the SEC.”
The assertion from Coinbase added that the first article “inferred that the SEC arranged Coinbase” to end the exchanging.
Armstrong stated to the Financial Times in the original article that the SEC instructed Coinbase to “delist every asset other than bitcoin” following the statement that “every asset other than bitcoin is a security.”
Nonetheless, Coinbase’s representative said “this kind of solicitation must be made following a larger part vote from the actual Chiefs. Per the SEC’s own affirmation, the perspectives partook in the FT article might have addressed the perspectives on some staff at that point, however didn’t address those of the Commission all the more extensively.”
The SEC staff does not request that businesses delist crypto assets. Over an examination, the staff might share its own view regarding what direct may bring up issues for the Commission under the protections regulations,” a SEC representative told Blockworks.
The SEC sued Coinbase in June. The administrative organization guaranteed that Coinbase is working as an unregistered trade and has designated contributions, for example, its marking program as a feature of its cases that the organization likewise sells unregistered protections.
As Coinbase pushes for regulatory clarity on the US cryptocurrency market, the two are involved in multiple legal battles.