Coinbase Sued by SEC for Breaking US Securities Rules

Re:Coinbase Sued by SEC for Breaking US Securities Rules by LatteLazy on Tuesday June 06, 2023 @10:45AM (#36213608)

I don't mind politicians taking expert advice (in fact I am very in favour). But it is elected leaders, not just "specialists" who have to have final say on our laws. I think we agree about that right? The SEC must obey congress, not the other way around.

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Re:Coinbase Sued by SEC for Breaking US Securities Rules by iamacyborg on Tuesday June 06, 2023 @11:05AM (#36213940)

I’m not sure that I do agree with that given how open politicians are to external influences.

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Re:Coinbase Sued by SEC for Breaking US Securities Rules by LatteLazy on Tuesday June 06, 2023 @11:29AM (#36214357)

I am sympathetic, but then where will we get these experts? Who will pick them? What happens when they disagree? These are all the standard issues with the idea of replacing democracy with expertise, though I would much prefer we do that at the lower levels even if we don't give them final say...

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Re:Coinbase Sued by SEC for Breaking US Securities Rules by iamacyborg on Tuesday June 06, 2023 @11:50AM (#36214684)

I agree, it's a complicated mess and you'll always have to battle around the reality that is human nature. I think this and yesterday's news do highlight that the SEC are capable of making the right decisions though.

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