US SEC sues Coinbase, one day after suing Binance

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"?

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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'.

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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.

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