The SEC has told us it wants to sue us over Lend. We don’t know why

Re:The SEC has told us it wants to sue us over Lend. We don’... by vmception on Wednesday September 08, 2021 @07:58AM (#28455789)

at the state level, and the choice is still available to participants to lose their money whether it is plainly obvious or buried in 30 pages of disclaimers

[ Parent | on HN ]

Re:The SEC has told us it wants to sue us over Lend. We don’... by jrochkind1 on Wednesday September 08, 2021 @08:42AM (#28456174)

The SEC appears to be arguing that Coinbases product should be regulated as a security.

[ Parent | on HN ]

Re:The SEC has told us it wants to sue us over Lend. We don’... by vmception on Wednesday September 08, 2021 @02:22PM (#28461101)

for you to say that, you missed my point quite far.

"regulated as a security" itself can mean 100 different things, and its not a nuanced enough take to know if a product can be offered at all, to whom it can be offered to, what disclosures are necessary if any, and more

[ Parent | on HN ]

Re:The SEC has told us it wants to sue us over Lend. We don’... by qwertox on Wednesday September 08, 2021 @02:25PM (#28461138)

I guess they are indirectly saying that if they are not under any other regulation (which they know they aren't), they will have to be treated as a security.

They are expecting Coinbase to show them who is regulating them. If they don't do it, they must be sued.

[ Parent | on HN ]