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Coinbase CEO: SEC’s Request Would Have Meant End of Crypto
Coinbase CEO Brian Armstrong said a request from the Securities and Exchange Commission (SEC) would have put a stop to all trading on the cryptocurrency platform except for bitcoin. The SEC made the request before suing Coinbase, Armstrong said in a Monday (July 31) Financial Times (FT) report. PYMNTS has contacted the SEC for comment but has not yet received a reply. Armstrong, whose company is being accused by the SEC for failing to register as a broker, said the agency’s request was not possible. Had the company agreed, the FT reported, it could have established a precedent that would have put most American ... (full story)