Re:Coinbase Sued by SEC for Breaking US Securities Rules
by FireBeyond on Tuesday June 06, 2023 @11:10AM
(#36214021)
They have hired the top legal team in the world with the specific remit of "get us the answers that are easiest and cheapest for Coinbase".
That is entirely tangential, if not orthogonal to the subject of "define securities".
I mean from Coinbase's own filing. "The SEC has stated that digital tokens are securities. We disagree..."
and "registration under the current rules is, for many market participants, either not possible or not economically viable given the associated and unnecessary compliance burdens"
It's not that Coinbase disagrees that they're securities, as such. It's that they say it's too much work or cost to do so.
That is entirely tangential, if not orthogonal to the subject of "define securities".
I mean from Coinbase's own filing. "The SEC has stated that digital tokens are securities. We disagree..."
and "registration under the current rules is, for many market participants, either not possible or not economically viable given the associated and unnecessary compliance burdens"
It's not that Coinbase disagrees that they're securities, as such. It's that they say it's too much work or cost to do so.