Coinbase has no plan to delist tokens named in SEC lawsuit, CEO says

Driving the news: "No," Armstrong said when asked if Coinbase would stop listing, or reevaluate the listing of, any of the tokens named in the lawsuit.

• "We're going to continue to operate business as usual, and those assets are going to continue to trade until the court makes a determination," he said.
• He added that Coinbase does periodically delist tokens, but that is "in the normal process of our listing standard."

Context: On Tuesday, the Securities and Exchange Commission sued Coinbase, alleging, among other things, that at least 13 tokens listed on its platform are securities.

• Those named included solana (SOL), cardano (ADA), polygon (MATIC), and filecoin (FIL).

Of note: Binance.US, which the SEC sued Monday, paused over-the-counter trading and delisted several trading pairs on Wednesday. The SEC sued Binance, and Binance CEO Changpeng Zhao for securities violations.

The bigger picture: Securities face more onerous regulation than commodities, and those within the industry say securities regulations could damage innovation in the sector.