Coinbase Might Delist Cardano (ADA) and Other Tokens, CEO Says
Coinbase, the United States' leading cryptocurrency exchange, may be required to delist 13 digital tokens, including Cardano (ADA), as a result of a lawsuit filed by the U.S. Securities and Exchange Commission, according to an interview conducted by Financial Times reporter Scott Chipolina with CEO Brian Armstrong.
The SEC case alleges that these tokens, which form a small fraction of the 240 assets available on the platform, are unregistered securities.
Armstrong described the delisting of ADA and the other tokens as "the worst-case scenario" but downplayed the potential impact of such a move, suggesting that their delisting would not pose a substantial loss of revenue or present an existential crisis for the company.
Read more on U.Today https://u.today/coinbase-might-delist-cardano-ada-and-other-tokens-ceo-says
Coinbase, the United States' leading cryptocurrency exchange, may be required to delist 13 digital tokens, including Cardano (ADA), as a result of a lawsuit filed by the U.S. Securities and Exchange Commission, according to an interview conducted by Financial Times reporter Scott Chipolina with CEO Brian Armstrong.
The SEC case alleges that these tokens, which form a small fraction of the 240 assets available on the platform, are unregistered securities.
Armstrong described the delisting of ADA and the other tokens as "the worst-case scenario" but downplayed the potential impact of such a move, suggesting that their delisting would not pose a substantial loss of revenue or present an existential crisis for the company.
Read more on U.Today https://u.today/coinbase-might-delist-cardano-ada-and-other-tokens-ceo-says
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Gary Gensler is making his move to register all crypto's