Coinbase CEO says SEC told it to delist everything but Bitcoin: Report
In a July 31 interview with the Financial Times, Armstrong revealed that the U.S. Securities and Exchange Commission wanted the exchange to delist the nearly 250 tokens on its platform prior to it filing a lawsuit against the exchange.
At the time, the SEC reportedly said it believes “every asset other than Bitcoin is a security,” said Armstrong.
“We said, well how are you coming to that conclusion? Because that’s not our interpretation of the law,” Armstrong added.