Coinbase has not received the approval of the SEC and FINRA for the purchase of the brokerage company

On Monday, Us cryptocurrency exchange Coinbase announced that the Commission on securities and exchange Commission (SEC) and the Agency on regulation of activities of financial institutions (FINRA) gave her permission to buy companies Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC, which would allow Coinbase to enhance your grounds and become a licensed broker in SEC and also get the opportunity to listing security-tokens.

However yesterday it became known that on Tuesday the Vice-President for communications Rachael Horwitz (Rachael Horwitz) wrote Bloomberg: «we Cannot say that Coinbase received permission from the SEC and FINRA for the purchase of the designated companies, as the SEC does not officially participated in the process. The SEC approval is not required for applications for transfer of control. Coinbase discussed some aspects of this proposal, including the purchase of Keystone, with several SEC staff in an informal conversation».

Thus, despite the fact that the previous statement was false Coinbase, a company can still obtain the status of a licensed broker-dealer, which will allow it to expand the list presented on its platform of digital assets and services.

The press-Secretary of the SEC also stated that the Agency had not provided clear endorsement of Coinbase transaction. Representative FINRA declined to comment.

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