Coinbase has contradicted statements made by its CEO, Brian Armstrong, which suggested that the SEC had requested the delisting of all non-Bitcoin crypto assets. Coinbase has denied that the SEC made any such demands and called the Financial Times’ coverage an “inaccurate representation of the facts.”

The SEC did file charges against Coinbase on June 6, labeling several assets as securities, but did not state that all non-Bitcoin assets are securities, nor did it ask the company to delist the assets described as securities. Coinbase is facing penalties and injunctions that are yet to be determined.