The U.S. Securities and Exchange Commission (SEC) has announced that nine cryptocurrencies listed on Coinbase have security status.
The decision by the SEC ordered one of the former directors of Coinbase from the US Treasury Department. after being accused of information fraud is coming.
The SEC is named in this Coinbase-related investigation. AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX and CHROMIUM nine cryptocurrencies with code in security status decided that it was.
Gurbir Grewal, one of the authorized names of the SEC, said in a statement on the subject:
“We are not concerned with the labels, but with the economic characteristics of the product put on the market. Looking at the current situation, these few cryptoassets securities before they are listed on Coinbase. information abuse It turns out that he uses it for commercial purposes.”
The case in question is linked to Ishan Wahi, a former product manager at Coinbase. The U.S. Department of the Treasury and the SEC signed Wahi and two others using the cryptocurrencies mentioned in this list. insider trading accuses him of doing it. The ministry announced today that Wahi has been arrested.
Coinbase, one of the largest cryptocurrency exchanges in the world, has given a decision to this decision taken by the SEC. replied with a blog post.
Coinbase management is aware of current regulations in the US. not enough for digital assets and in policies followed by the SEC that there are uncertainties stressed:
“A more up-to-date guide than the current one is required for safer and more effective work with cryptoassets that have the status of securities. In securities status non- crypto assets would also be outside the scope of this guide. to be guaranteed needed.”
Coinbase also update its rules on digital assets appealed to the SEC.