“But the SEC let us go public” and other flawed arguments in Coinbase's defense

Re:“But the SEC let us go public” and other flawed arguments... by iterativ on Tuesday June 13, 2023 @03:51AM (#36306977)

Yes well, some claim it's "securities", there is no clear law for that. Can I give you, for example, Amazon shared and get a coffee or a pizza ? Directly, not liquidate it first.

Let's find out how the Ripple lawsuit is going to end, there is good chance to win it.

The woke up one day and they "hey this crypto is a threat to our dollar'. Gensler said "we don't need any more digital currencies, we have USD, EUR, YEN". And that for centuries there was no need to transfer value through more than one medium. That can explain their views clearly.

[ Parent | on HN ]

Re:“But the SEC let us go public” and other flawed arguments... by JumpCrisscross on Tuesday June 13, 2023 @06:33AM (#36308135)

> Can I give you, for example, Amazon shared and get a coffee or a pizza ? Directly, not liquidate it first.

No, this is specifically addressed by securities law. It's not impossible, but you have to do it properly.

[ Parent | on HN ]

Re:“But the SEC let us go public” and other flawed arguments... by ethanbond on Tuesday June 13, 2023 @06:49AM (#36308256)

what’s next, are you going to tell me that I can’t realize millions of dollars in crypto gains without paying income tax?

Inconceivable!

[ Parent | on HN ]

Re:“But the SEC let us go public” and other flawed arguments... by hef19898 on Tuesday June 13, 2023 @07:55AM (#36308909)

You mean tax avoidance ain't legal??? Outrageous!

[ Parent | on HN ]