“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 scott_w on Tuesday June 13, 2023 @06:07AM (#36307961)

Two things:

1. Firstly, if the law isn't settled, then no they wouldn't.

2. The SEC weren't being asked by Congress, they were being asked by Coinbase.

So no, your attempt to torture the analogy doesn't work at all.

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Re:“But the SEC let us go public” and other flawed arguments... by sebzim4500 on Tuesday June 13, 2023 @06:24AM (#36308072)

The head of the SEC was asked by congress if Eth was a security, and true to form he refused to answer.

I don't understand how anyone can believe these people act in good faith.

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Re:“But the SEC let us go public” and other flawed arguments... by scott_w on Tuesday June 13, 2023 @07:13AM (#36308436)

> 1. Firstly, if the law isn't settled, then no they wouldn't.

> The head of the SEC was asked by congress if Eth was a security, and true to form he refused to answer.

So what you're saying is that the Head of the SEC refused to answer a question they're not qualified to. Because it's an unsettled area of law that they're now challenging through enforcement action.

> I don't understand how anyone can believe these people act in good faith.

I could ask the same of you.

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Re:“But the SEC let us go public” and other flawed arguments... by amanaplanacanal on Tuesday June 13, 2023 @08:13AM (#36309085)

One way to look at it: the SEC doesn’t decide what is legal. They have an opinion, but it is the courts that decide. This is the process working as designed.

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