“We really didn’t have a choice at that point, delisting every asset other than bitcoin, which by the way is not what the law says, would have essentially meant the end of the crypto industry in the US,” Armstrong told Financial Times. “It kind of made it an easy choice...let’s go to court and find out what the court says.
savings account in which users could earn rewards by “staking” their crypto assets. However, the SEC alleged that this program was also an unregistered security and stated in the lawsuit that Coinbase should be“permanently restrained and enjoined” from the product.has wained over the last year and regulators have increased the number of cases they’re bringing against big crypto players, the people who insist that bitcoin will be the ultimate winner are getting a boost of confidence—for now.
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