Coinbase and SEC approval

cryptocurrency exchange Coinbase announced that it is in the process to register with the US Securities and Exchange Commission (SEC) as a broker-dealer, which would allow the exchange to list cryptocurrencies that SEC considers to be securities. According to a Coinbase statement, the company has acquired a broker-dealer license and a registered investment advisor (RIA) license, but it is still waiting for regulatory approval. The company's COO, Asiff Hirji stated:

"There are now many types of blockchain-based digital assets, from cryptocurrencies to security tokens to collectibles. In the United States, some of these assets will be subject to SEC oversight. With this in mind, securing these licenses will bring us a step closer to our goal, which is to be the most trusted way for our customers to buy, sell, and use many different types of crypto assets.