Coinbase Increases Its Assets Offerings in New York, Making More Cryptocurrencies Available

The change comes as the Southern District of New York promises to soften its anti-crypto approach in the region post-FTX.

Coinbase (NASDAQ: COIN) Assets announced six new cryptocurrencies are now available to New York residents this Wednesday, November 13. They are Arbitrum (ARB), Sei Network (SEI), Aioz Network (AIOZ), MultiversX (EGLD), Helium Mobile (MOBILE), and Stader (SD).

“We’re excited to announce that Arbitrum (ARB), Sei (SEI), Aioz Network (AIOZ), MultiversX (EGLD), Helium Mobile (MOBILE), and Stader (SD) are now available to New York residents on Coinbase.com, and in the Coinbase iOS & Android apps.”

This development comes as the Southern District of New York (SDNY) promises to soften its anti-crypto approach in the region post-FTX.

As reported by Reuters on Friday, Manhattan’s U.S. Attorney’s Office promised to scale back its negative approach toward cryptocurrencies.

During a conference, Scott Hartman, co-chief of the securities and commodities task force at the SDNY, announced the department’s plans of dedicating fewer resources to the crypto industry, following the FTX case.

“You won’t see as much crypto stuff coming out of at least the SDNY in the future. We brought a lot of big cases in the wake of the crypto winter – there were a lot of important fraud cases to bring there – but we know our regulatory partners are very active in this space.”

With this last sentence, the co-chief hinted at one of the reasons for the now-promised change, referring to Gensler.

Essentially, Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), has led a massive anti-crypto operation in the US.

Gary Gensler hints at resignation following Trump’s victory

In the meantime, the SEC’s chief hinted at a resignation during a Thursday speech, according to a DL News report.

“Traditionally, SEC chairs typically resign after the election of a new administration,” Aleks Gilbert wrote, referring to Trump’s victory.

During his campaign, Donald Trump promised the crypto community, under high excitement, that he would fire Gary Gensler. Although it would not be technically possible, the President-elect could potentially demote Gensler from his position, appointing a new chair.

Therefore, following the tradition and to avoid further political issues, the SEC’s chairman suggests he is leaving before that happens.

“It’s been a great honour to serve with them, doing the people’s work, ensuring that our capital markets remain the best in the world. I’ve been proud to serve with my colleagues at the SEC who, day in and day out, work to protect American families on the highways of finance.”

Bullish: All things align for a significant bull market

As crypto’s number-one enemy in the regulatory spectrum could now stop pressuring the industry and New York’s softening policies, industry leaders can have more freedom to manage their offerings.

In turn, cryptocurrencies can now surge in what some analysts are calling “the biggest bull run ever.”

Interestingly, Upbit also recently increased its offering by listing ten new assets, including EGLD, as MultiversX eyes the Asian markets.