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- The Securities and Exchange Commission asked Coinbase to delist over 200 crypto assets, CEO Brian Armstrong said.
- He told the Financial Times that the only token that wasn't targeted was bitcoin.
- Armstrong said that complying would spell the end of the crypto industry in the US.
Before the US Securities and Exchange Commission took Coinbase to court, the regulator asked the crypto-exchange platform to delist all tokens but bitcoin, CEO Brian Armstrong disclosed to the Financial Times.
If Coinbase followed through, the recommendation would have halted the trading of over 200 crypto assets. The SEC request was made on the argument that, aside from bitcoin, each of the cryptocurrencies was an unregistered security.