The recent SEC approval debacle involving Coinbase raised a huge hue and cry in the cryptocurrency community. A few days earlier, the American exchange announced that they had received SEC approval to list security tokens. But soon after, personnel from the exchange issued a clarification that they didn’t receive any such approval. Obviously, this did not go down too well with the crypto community which had hailed it as a boon.Source
According to the crypto community, Coinbase’s announcement would be a boon to projects looking to launch ICOs. According to SEC rules, crypto exchanges looking to list tokens that are deemed securities must register with the regulatory body. And if Coinbase, the largest exchange in America could list securities, several cryptos would’ve benefitted from this move.
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