Re:Coinbase CEO: we're preparing to go to court with the U.S...
by thesausageking on Tuesday April 18, 2023 @11:23AM
(#35615201)
That was a reasonable argument to make in 2013 or 2017. But after Gensler's administration alone issuing more than 1,500 actions, the SEC should be able to codify their interpretations and publish guidance for startups to follow.
It's crazy that a decade after the white paper was published, the SEC still won't say if Ethereum is a security or not. Gensler was literally asked this in front of congress and refused to answer:
This is a project that's 10 years old, has had tends of thousands of tokens and other projects built on it, and has a $250B market. There's no excuse for the SEC to not have a position on it.
It's crazy that a decade after the white paper was published, the SEC still won't say if Ethereum is a security or not. Gensler was literally asked this in front of congress and refused to answer:
https://twitter.com/MatthewHyland_/status/164833448714565632...
This is a project that's 10 years old, has had tends of thousands of tokens and other projects built on it, and has a $250B market. There's no excuse for the SEC to not have a position on it.