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A comment on Coinbase CEO: we're preparing to go to court with the U.S. SEC. Parent comment

Re:Coinbase CEO: we're preparing to go to court with the U.S... by vkou on Tuesday April 18, 2023 @11:58AM (#35615765)
The SEC isn't saying that crypto is a security.

It's saying that some crypto tokens are securities, and that Coinbase is trading at least one of those tokens.

It doesn't matter how much Coinbase wants a particular token to not be a security, or whether they had 30 meetings, or 300 meetings where they ask for that token to not be a security. If it passes the Howie test, it's a security.

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Re:Coinbase CEO: we're preparing to go to court with the U.S... by dlubarov on Tuesday April 18, 2023 @03:14PM (#35618630)
The point isn't that Coinbase clearly doesn't list any securities, but that we (and Coinbase) don't know what would or wouldn't be considered a security, either by the SEC or the courts.

E.g. Gensler refused to answer whether SEC considers ETH a security - https://twitter.com/sassal0x/status/1648338351832064003

Maybe it's a security, maybe not, but I think it's reasonable to expect some kind of guidance from regulators. The SEC has had 14 years to think about it but still refuses to give any.

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