Crypto exchange Coinbase was once told by the United States securities regulator to delist all cryptocurrencies on its platform except for Bitcoin, according to CEO Brian Armstrong … In a July 31 interview with the Financial Times, Armstrong revealed that the U.S. Securities and Exchange Commission wanted the exchange to delist the nearly 250 tokens on its platform prior to it filing a lawsuit against the exchange.
At the time, the SEC reportedly said it believes “every asset other than Bitcoin is a security,” said Armstrong.
“We said, well how are you coming to that conclusion? Because that’s not our interpretation of the law,” Armstrong added.He recounted that the regulator said, “we’re not going to explain it to you; you need to delist every asset other than Bitcoin.” It’s a similar view held by SEC Chair Gary Gensler , who claimed in a February […]
Read the Whole Article From the Source: www.zerohedge.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.