In response, Coinbase refuted the SEC’s action, asserting that the regulator breached due process and represented an abuse of discretion. The saga continuesAccording to Coinbase CEO, before suing the exchange, the SEC requested it to cease trading in all cryptocurrencies other than Bitcoin. The Coinbase CEO emphasized that they felt compelled to contest the SEC’s request. The token could potentially be a reference to Coinbase CEO Brian Armstrong’s shaved head. However, Optimism could soon be one of the protocols that could get caught in the crossfire between Coinbase and SEC.
