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Regulation Spotlight: Will Binance’s Flexa AMP Delisting Have a Larger Impact?

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The U.S. subsidiary of Binance is delisting the Flexa AMP token after the Securities and Exchange Commission claimed that the asset was a security.

Binance has said that it conducts supplementary reviews regularly and that they do opt to delist assets when they present undue risk. This move came after the SEC said that Coinbase lists nine assets that fall under securities according to the Howey test. Of the nine, AMP is the only one that Binance U.S. had listed on its platform.

If Binance is willing to follow the SEC approach of regulating through enforcement, what's Coinbase's next move?

FULL VIDEO TRANSCRIPT BELOW:

I guess you really need to know when to pick and choose your battles…because 1 exchange is being probed by the SEC, while another is doing everything it can to avoid the watchdog. The U.S. subsidiary of Binance is delisting the Flexa AMP token after the Securities and Exchange Commission claimed that the asset was a security.

Binance has said that it conducts supplementary reviews regularly and that they do opt to delist assets when they present undue risk. This move came after the SEC said that Coinbase lists nine assets that fall under securities according to the Howey test. Of the nine, AMP is the only one that Binance U.S. had listed on its platform.

If Binance is willing to follow the SEC approach of regulating through enforcement, what's Coinbase's next move? Or is Binance setting a bad precedent by effectively caving to the SEC? What are your thoughts??

It’s your boy Ross Mac and that was the Crypto Minute on TheStreet.

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