- Coinbase CEO Brian Armstrong commented on the SEC investigation in an interview with Financial Times.
- Coinbase has now publicly distanced itself from Armstrong’s claims that the SEC requested it to delist all assets but Bitcoin.
- The SEC is currently investigating Worldcoin, Tether and HEX founder Richard Heart for alleged fraud and unregistered securities sales.
SEC Investigation into Crypto Assets
Digital Currency Group is nearing a settlement with Genesis creditors, as reports of its $216 million Q2 revenue continue to surface following the appointment of a new CFO. Meanwhile, Germany’s privacy watchdog has been investigating Worldcoin since November 2022. Tether also reported an increase in Bitcoin reserves of $170 million alongside a drawdown in precious metals allocation. The U.S. Securities and Exchange Commission (SEC) is currently suing HEX founder Richard Heart for alleged fraud and unregistered securities sales.
Armstrong Comments on SEC Investigation
Earlier this week, Coinbase CEO Brian Armstrong commented on the SEC investigation during an interview with Financial Times. According to Armstrong, the regulator told Coinbase that it considered all non-Bitcoin crypto assets to be securities and that it needed to delist every asset other than Bitcoin.
Coinbase Denies Demands from SEC
Now, Coinbase has denied these claims by releasing a public statement distancing itself from Armstrong’s comments about the SEC investigation. The exchange stated that it had not received any requests from the regulator to delist any crypto assets aside from Bitcoin.
In conclusion, while there is still ongoing investigations into many cryptocurrency projects by US regulatory authorities, Coinbase has denied receiving demands from the SEC to delist all non-Bitcoin crypto assets aside from Bitcoin..