31-7-2023 (NEW YORK) The US Securities and Exchange Commission (SEC) requested that cryptocurrency platform Coinbase halt trading in all cryptocurrencies except bitcoin prior to suing the company in June, according to CEO Brian Armstrong, as reported by the Financial Times on Monday.
The SEC filed a lawsuit against Coinbase in December, claiming the company failed to register a digital asset lending product as a security. The lawsuit has been a source of tension between the SEC and the cryptocurrency industry, as it could have significant consequences for the sector.
