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A comment on “But the SEC let us go public” and other flawed arguments in Coinbase's defense. Parent comment

Re:“But the SEC let us go public” and other flawed arguments... by ceejayoz on Monday June 12, 2023 @09:43PM (#36304049)
They've explained their reasoning in various spots. For example:

https://www.axios.com/2022/06/28/bitcoin-is-the-only-coin-th...

> Elsewhere in the speech, Hinman explained: "If the network on which [a] token or coin is to function is sufficiently decentralized — where purchasers would no longer reasonably expect a person or group to carry out essential managerial or entrepreneurial efforts — the assets may not represent an investment contract."

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Re:“But the SEC let us go public” and other flawed arguments... by lmm on Tuesday June 13, 2023 @12:48AM (#36305479)
"Sufficiently...may..." but even the SEC themselves will not tell you whether Ethereum qualifies or not. That is not rule of law.
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Re:“But the SEC let us go public” and other flawed arguments... by ceejayoz on Tuesday June 13, 2023 @06:51AM (#36308260)
Sure it is. The SEC alleges a violation of the law. The courts decide if they are right at trial.

Eth is fairly uniquely complicated by the fact that it probably went from security to commodity before they could get smacked for the security period.

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