Re:US SEC sues Coinbase, one day after suing Binance
by whimsicalism on Tuesday June 06, 2023 @12:35PM
(#36215396)
For any who might be interested, a link to the exchange that this user is comparing to asking if "democrats are all criminals and baby-eaters" [0]. Remember, the law is "extremely clear" on whether these tokens are securities or commodities, according to the GGP commentator.
Re:US SEC sues Coinbase, one day after suing Binance
by taeric on Tuesday June 06, 2023 @12:07PM
(#36214902)
The question was literally "is ETH a security?" To compare that to the questions you are stating is laughably bad faith argument.
Though, I'll bite. What statement is made by the question "Is ETH a security?" Why is that a question that can't be answered with "Yes", "No", or "it depends how it is packaged"?
Re:US SEC sues Coinbase, one day after suing Binance
by vkou on Tuesday June 06, 2023 @12:28PM
(#36215252)
The question was literally "Because something cannot be both a security and a commodity, is Eth a security?"
The chair's answer was, as we can glean from the interruptions (but who the hell really knows, the man's not allowed to finish a sentence) 'It depends'.
Re:US SEC sues Coinbase, one day after suing Binance
by taeric on Tuesday June 06, 2023 @12:42PM
(#36215509)
If he was saying "it depends" he had a lot of words to say that. His sentences were like my talking to the kids when I ask "did you do your homework?" It was painful.
And note that some things can be both a security while wrapped around a commodity. Just look at brokered CDs. Such that, even if you agreed that ETH is a commodity, you can still have financial instruments on ETH that are securities.
Let me give you another chance to answer a simple yes or no question.
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Since it's obvious that democrats are all criminals and baby-eaters, is Elizabeth Warren a democrat?
Yes or no. No hemming or hawing. I'll interrupt you as soon as I hear any words besides those two. Your answer or failure to answer will appear as a headline in the New York Times.
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The chair was responding to the statement made in the question, the congressman just didn't like what that response was, which is why he kept interrupting.