Topline Coinbase CEO Brian Armstrong claimed that the Securities and Exchange Commission asked the crypto exchange to stop trading all cryptocurrencies except Bitcoin, before launching sweeping legal action against the company last month, the Financial Times reported Monday. The SEC filed a lawsuit against Coinbase last month for operating as an unregistered securities … [+] exchange and broker.Gado via Getty Images Key Facts In an interview with the Financial Times, Armstrong said the SEC told Coinbase that it views “every asset other than bitcoin” as a security and ordered the company to delist them from its website. Armstrong claims the regulator refused to explain how it arrived at this conclusion. Aside from Bitcoin, Coinbase lists 261 other tokens on its website as “t… Click below to read the full story from Forbes
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