Coinbase CEO says SEC told it to delist everything but Bitcoin: Report
Brian Armstrong claimed SEC staff said all cryptocurrencies but Bitcoin are securities and requested the exchange delist all other cryptocurrencies.
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Brian Armstrong claimed SEC staff said all cryptocurrencies but Bitcoin are securities and requested the exchange delist all other cryptocurrencies.
The exchange cited its own token management policy and compliance efforts as primary reasons for delisting seven privacy coins.
The moved surprised some users as ADA has not been typically on regulators' radars as of late.
Although privacy coins grant users unparalleled protection for their personal information, some fear they can easily be used for illicit purposes.