As it is known, after the SEC filed a lawsuit against Binance US, the platform decided to delist over 40 altcoins and also stopped OTC trading.
After this delisting decision, eyes were turned to Coinbase, another company sued by the SEC.
Altcoin Deletion is not on the agenda for now on Coinbase
Coinbase Chief Legal Officer Paul Grewel said that the company has yet to decide whether to delist any assets from the crypto exchange following the SEC's lawsuit:
“To address the question of whether we should delist any of these entities, we are of course always looking for new facts, new information, and new claims to see if our previous analyzes were wrong.
However, as we sit here today, we have not made the decision to delist any assets, and we remain confident in our original analysis.
We believe we run an exceptionally positive and productive business, not just in compliance with the law. Therefore, we will continue to conduct business as usual until we are satisfied that anything we do violates the law.”
On June 5, the SEC filed a lawsuit against Coinbase's rival cryptocurrency exchange Binance and its CEO, Changpeng Zhao. The regulator also designated SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, NEXO, BNB, ATOM, MANA, ALGO, COTI altcoins as securities.
*Not investment advice.