News for hackers. Stuff that matters.

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 @03:17AM (#36306710)
> Would a no action letter have been feasible

Probably not, given the integrated broker-exchange-custodian model. But that’s the point. We specifically outlawed that in 1934. Coinbase was counting on rules being changed in the midst of regulatory inertia.

[ Parent | on HN ]
Re:“But the SEC let us go public” and other flawed arguments... by Dylan16807 on Tuesday June 13, 2023 @03:54AM (#36306999)
If it's clear enough for certain popular tokens then the SEC should have just declared them as securities years ago.
[ Parent | on HN ]