Re:US SEC sues Coinbase, one day after suing Binance
by Ekaros on Tuesday June 06, 2023 @11:07AM
(#36213965)
Bitcoin itself might not be. Even many other currencies might not. But what other "products" they are running? Those could and probably would fall under various classifications.
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Re:US SEC sues Coinbase, one day after suing Binance
by pnpnp on Tuesday June 06, 2023 @12:09PM
(#36214954)
Ah, of course. I forgot that they have many other offerings.
Re:US SEC sues Coinbase, one day after suing Binance
by TimPC on Wednesday June 07, 2023 @09:02AM
(#36226264)
Honestly bitcoin not being a security has been one of the biggest mistakes the SEC has made over the past decade. They gave that guidance and are stuck with it now. But the argument for it being a commodity is pretty weak and being a security would be useful from a regulatory framework. I think it's pretty clear bitcoin needs as much or more regulation than a typical stock or bond and is a more likely source of fraud or problems than typical stocks or bonds are.