NEW: The SECgov is reportedly investigating coinbase over some of the cryptocurrencies it's listed. nikhileshde realDannyNelson report
were securities in an unrelated insider trading case brought against a former product manager at the exchange.as a national securities exchange, given some of the cryptocurrencies it has listed.the SEC for not providing clear rules for defining how cryptocurrencies might be deemed securities. The exchange’s Chief Policy Officer, Faryar Shirzad, said existing securities laws may not fit cryptocurrencies.
CEO Brian Armstrong’s stated goal of listing every token the exchange legally can appears to have had its drawbacks: According to two people Bloomberg spoke to, the SEC gave coinbase’s practices a closer look amid the increase in token listings.Spokespeople for the SEC and Coinbase did not immediately return requests for comment.
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