Will the SEC Convince a Court It's Right To Label These Tokens As Securities?

Lawyers have challenged a potentially consequential move from the U.S. Securities and Exchange Commission (SEC) to build a list of crypto tokens it considers unregistered securities.

Timeline of Amp, Lcx, Power-ledger, Rally

The US arm of crypto exchange Binance removed Amp (AMP) on its platform as federal regulators claim that the Ethereum (ETH) token is an unregistered security. In a new statement, the exchange says that out of an abundance of caution, it will stop supporting the native token of the AMP blockchain effective August 15th.

Nasdaq-listed crypto exchange Coinbase has disputed the allegation by the U.S. Securities and Exchange Commission (SEC) that nine of the crypto assets traded on its platform are securities. The company's chief legal officer stressed: “Coinbase does not list securities. End of story.” Coinbase Insists It Does Not List Crypto Asset Securities The U.S.

The U.S. Securities and Exchange Commission (SEC) has announced insider trading charges against a former Coinbase manager, who has been arrested and is also facing criminal charges. The regulator has identified nine crypto tokens as securities in the complaint. U.S. Attorney Damian Williams says it is “the first-ever insider trading case involving cryptocurrency markets.

The U.S. Securities and Exchange Commission (SEC) has alleged that nine cryptocurrencies involved in an insider trading lawsuit are actually securities. Coinbase Global Inc (NASDAQ: COIN) said it “does not list securities on its platform.

Today, the U.S. Department of Justice brought charges on three suspects for their alleged involvement in an inside trading scheme, one of the suspects was a former Coinbase employee. The case seems poised to have major implications for the crypto industry.

On Thursday (July 21), the U.S. Securities and Exchange Commission (SEC) filed a complaint at U.S. District Court for the Western District of Washington against defendants Ishan Wahi, Nikhil Wahi, and Sameer Ramani.

The SEC has listed nine cryptocurrencies on Coinbase that it says are securities, providing more clarity on its views. The post SEC lists nine crypto tokens as securities following Coinbase insider trading charges appeared first on The Block.