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Re:Coinbase Sued by SEC for Breaking US Securities Rules by AbrahamParangi on Tuesday June 06, 2023 @09:44AM (#36212647)
It’s more like asking a cop if you can sit somewhere and they give you a look and won’t tell you, but 3 years after you sit down they book you for trespassing.

https://www.reuters.com/legal/sorry-crypto-world-sec-isnt-ba...

Re:Coinbase Sued by SEC for Breaking US Securities Rules by mrguyorama on Tuesday June 06, 2023 @11:09AM (#36214008)
FYI, that is 100% something a cop can do in the US. They have no obligation to warn you not to commit a crime, and are legally allowed to even encourage you to do a crime. They can provide all the means and motivation to do a crime, and if a jury can be convinced that you would have crimed anyway if you had those resources through other means, it's not entrapment.
Re:Coinbase Sued by SEC for Breaking US Securities Rules by AbrahamParangi on Tuesday June 06, 2023 @11:32AM (#36214409)
I think a reasonable person would agree that if you ask a cop if you can do something and they won't answer but then take enforcement action against you later on, that would be bullshit.
Re:Coinbase Sued by SEC for Breaking US Securities Rules by agentgumshoe on Tuesday June 06, 2023 @11:35PM (#36222529)
Of course that all depends on your belief that the cop didn't give you an earlier answer that you ignored.

It acts like a security, smells like a security, trades like a security, but it's NOT A SECURITY, so give me new laws for this thing I won't define!