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Regarding the decision to delist BUSD, Brian Armstrong revealed in a Bloomberg TV interview on Wednesday, "Due to Paxos being ordered to stop minting it, we are concerned that customers may face liquidity issues."
Recently, the US Securities and Exchange Commission (SEC) has been taking proactive actions regarding cryptocurrency regulation. On February 9th, the SEC deemed the staking service provided by the cryptocurrency exchange Kraken as "unregistered securities sales." As a result, Kraken has agreed to pay a $30 million fine in a settlement and immediately cease offering cryptocurrency staking services to US users.
In the interview on Wednesday, Brian Armstrong defended Coinbase's staking products, stating, "Our staking products are not securities." He said:
"We are simply providing a service to assist users in staking through these tokens, which is a decentralized protocol."
In August last year, Coinbase disclosed that it had received subpoenas and requests from the SEC, involving listing processes, staking services, and its stablecoins and yield products. |
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Post time 22-2-2024 12:37:43