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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 JumpCrisscross on Tuesday June 13, 2023 @12:46AM (#36305459)
> congressman asked gensler face to face if ethereum is a security and gensler declined to answer

The SEC has brought zero enforcement action that turns on Bitcoin or Ether being securities. Somewhat hilariously, these complaints are an industry endemic with bullshitters flipping out about Gensler being able to say “I don’t know.”

[ Parent | on HN ]
Re:“But the SEC let us go public” and other flawed arguments... by _fizz_buzz_ on Tuesday June 13, 2023 @04:06AM (#36307096)
Basically, Gensler is throwing them a bone. Ethereum is very obviously a security but the SEC decided it has been too long since the ICO, it's too big and too decentralized to now go after it. Pretending not to know if Ethereum is a security is a gift from the SEC to the crypto industry and crypto folks should probably shut up about this asap before the SEC feels their gift isn't appreciated.
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