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A comment on Crypto Faces Legal Reckoning as SEC Prepares Action Against Coinbase. Parent comment

Re:Crypto Faces Legal Reckoning as SEC Prepares Action Again... by mike_d on Saturday March 25, 2023 @02:43PM (#35305700)
Why shouldn't they just be considered currencies? It is something a group of people agree have value and they are willing to exchange with each other for goods and services.

The SEC does not care if you bring back Euros from vacation and they are worth more money when you find them in your backpack a year later and exchange them.

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Re:Crypto Faces Legal Reckoning as SEC Prepares Action Again... by kmbfjr on Saturday March 25, 2023 @02:51PM (#35305801)
Because it isn’t a currency. Get back to me when we can agree that “I’m buying if you’re flying”.

You might be able to simulate a currency, but that does not make it so.

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