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A comment on Coinbase Sued by SEC for Breaking US Securities Rules. Parent comment

Re:Coinbase Sued by SEC for Breaking US Securities Rules by cableshaft on Tuesday June 06, 2023 @10:56AM (#36213803)
I can keep USD in a bank or money market account and get more USD out of it, just like I can for Solana or Ethereum. I'm currently earning like 3% on one of my accounts. It might not seem that way because we've had zero percent interest rates for so long and banks have had their rates at like 0.01% or something super low, but that doesn't mean it doesn't happen.

Also the value of the USD changes relative to other currencies all the time. There was a time where you needed 2 USD to get 1 British pound, but right now it's 1.25 british pounds for a dollar (i.e. the USD has increased in value compared to the british pound). There are people that make serious money just from trading between foreign currencies at the right time.

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Re:Coinbase Sued by SEC for Breaking US Securities Rules by lesuorac on Tuesday June 06, 2023 @11:18AM (#36214185)
You mean if you invest your USD into a Money Market Account its able to generate a yield?

How can one sell a Money Market Account for more than they bought one for? The USD isn't generating a yield the Money Market Account is.

> There are people that make serious money just from trading between foreign currencies at the right time.

And if you advertise the GBP as a way for people to invest their USD on the premise that they can sell the GBP for more USD in the end I bet the SEC will not look fondly on you. There are also people that made bank on the stock market; doesn't make it not a security.

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