News for hackers. Stuff that matters.

A comment on US SEC sues Coinbase, one day after suing Binance. Parent comment

Re:US SEC sues Coinbase, one day after suing Binance by eli on Tuesday June 06, 2023 @10:43AM (#36213584)
The SEC didn't sue them over Bitcoin.

Seems obvious that Bitcoin shouldn't be unregulated and that there should be no question of which regulator has jurisdiction. Unfortunately that probably needs Congress to act.

[ Parent | on HN ]
Re:US SEC sues Coinbase, one day after suing Binance by EscapeFromNY on Tuesday June 06, 2023 @10:56AM (#36213804)
I don't think there's any question who has jurisdiction. The SEC and CFTC have both agreed it's the CFTC:

https://www.axios.com/2022/06/28/bitcoin-is-the-only-coin-th...

https://cryptoslate.com/cftc-chair-rostin-behnam-snubs-ether...

[ Parent | on HN ]
Re:US SEC sues Coinbase, one day after suing Binance by Karunamon on Tuesday June 06, 2023 @12:31PM (#36215327)
The problem is this is not formalized. It needs to be a law (legislative, not administrative), ideally with the individual tokens named.

Relying on the goodwill of regulators is unwise.

[ Parent | on HN ]