Max Keiser Backs SEC in Coinbase Lawsuit, Labels Altcoins Securities

Max Keiser, a prominent Bitcoin advocate and journalist, recently expressed his agreement with the Securities Exchange Commission’s (SEC) stance on cryptocurrencies, excluding Bitcoin. He stressed that all altcoins, including Ethereum (ETH) and Ripple (XRP), are “unregistered securities.” This statement came after a court dismissed Coinbase’s request to throw out an SEC lawsuit against the company. Nonetheless, the court ruled that Coinbase Wallet should be dismissed from the legal challenge of the SEC.