US regulator SEC, coinbase After the Wells Notification sent to the stock exchange, it triggered an uneasiness in the market. However, developments are being followed more closely by Ethereum-based altcoins listed by the exchange.
In July, the SEC filed a lawsuit against a former Coinbase employee. “insider trading” In his lawsuit, he referred to nine cryptoassets he believed to be securities. Six of these assets continue to be traded on the stock exchange today.
The coins in question are Amp (AMP), LCX (LCX), Power Ledger (POWR), Rally (RLY), XYO Network (XYO), and DerivaDAO (DDX).
After the lawsuit filed in July, the exchange made a statement on the subject and stated that it examined the assets in detail. After the aforementioned investigations, she opposed the claim that the assets were a security.
As we have reported as Koinfinans.com SEChas officially announced that it has started to make a preliminary determination after the “Wells Notification” it sent to the stock market.
Another Shock: Threat of Litigation to US Giant Bitcoin and Cryptocurrency Exchange!
Coinbase Is Pretty Stable
However, the company claims this preliminary detection is linked to services like Earn, Prime, and Wallet. According to Coinbase, these services represent the “unidentified” portion of the company.
The exchange took a determined stance, stating that it welcomes the opportunity to defend its products in court if necessary and continues to operate as usual on all fronts.
You can follow the current price action here.