SEC Wanted Coinbase to Delist Shiba Inu (SHIB), Cardano (ADA), and Other Altcoins

While the SEC's lawsuit identified 13 cryptocurrencies on Coinbase's platform as securities, it did not feature Ethereum or several other major tokens, adding to the uncertainty around Gensler's position on these assets.

If the SEC were to gain oversight, it would imply far more stringent compliance standards for crypto exchanges. Regulatory clarity in the US crypto market remains elusive, and businesses built on the assumption that these crypto tokens aren’t securities may have to halt operations. The SEC has not yet provided official commentary on the implications of a potential settlement that would involve Coinbase delisting every token except Bitcoin.

This leaves the future of the crypto industry in the U.S. hanging in the balance as any major changes could significantly impact public offerings or retail trading of tokens.

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