6 Ethereum Altcoins Targeted By SEC Ahead of Coinbase Wells Notice

The U.S. Securities and Exchange Commission has specifically targeted several Ethereum-based altcoins on Coinbase before sending today’s Wells Notice to the leading crypto exchange. Back in July, in its insider trading case against a former Coinbase employee, the SEC called out nine crypto assets that it believes are securities – and six of those assets remain on the exchange today. The coins in question are Amp (AMP), LCX (LCX), Power Ledger (POWR), Rally (RLY), XYO Network (XYO) and DerivaDAO (DDX). At the time, Coinbase strongly rejected the claim that the above crypto assets are securities, citing its “rigorous” and “SEC-reviewed”