115 sats \ 1 reply \ @faithandcredit 24 Jul 2022
The argument seems to be that their listings was not specifically deemed securities before they listed them, so therefor they cannot be held accountable if they are deemed securities after the fact. I guess they have a point? But they probably wont be listing much things going forward, but lets see
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0 sats \ 0 replies \ @zuspotirko 24 Jul 2022
This is it. A government agency specifies this. Nothing to do with coinbase.
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106 sats \ 0 replies \ @sp 24 Jul 2022
Mr. Howey would be entertained running a few tests
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105 sats \ 0 replies \ @sb 24 Jul 2022
Isn't there a saying that goes something like "It is difficult to get a man to understand something, when his salary depends upon him not understanding it". I think it's by Upton Sinclair. Coinbase shills are clowns 🤡
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101 sats \ 0 replies \ @glix 25 Jul 2022
I think there's not enough legal precedent set for shitcoins being securities. Once this is fought in a court and proven that shitcoins are infact securities, we'll see less of clowntown ramblings like these.
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101 sats \ 0 replies \ @m4 24 Jul 2022
I don't think it's the end of this story ( ͡° ͜ʖ ͡°)
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101 sats \ 0 replies \ @metalogician 24 Jul 2022 freebie
Coinbase tacitly admits they sell securities when they turn in their employees for insider trading. In the USA, insider trading only applies to stocks and securities.
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100 sats \ 0 replies \ @TheBTCManual 24 Jul 2022
This ones surly going to age as well as Telsa will never sell bitcoin, lol like milk left outside in the sun
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100 sats \ 3 replies \ @pillar 24 Jul 2022
The level of bullshit corporate attitude in this text is ridiculous. Can't wait to see Gensler pull the trigger and slap the security tag on every cryptocurrency out there except Bitcoin.
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110 sats \ 1 reply \ @faithandcredit 24 Jul 2022
If a token is deemed a security what happens to it
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110 sats \ 0 replies \ @pillar 24 Jul 2022
SEC will enforce all sorts of regulations, both on the people behind the security (think Vitalik and the Ethereum foundation in the case of ETH) and any company that provides trading on that security (basically, every exchange out there that is not Bitcoin only).
These regulations put a lot of constraints on what's possible and what not by the participants, as well as many audit and transparency mechanisms in place. Basically, it turns the wild west of cryptos into a space as regulated as a normal stock market (this is, for those who comply with authority, of course).
Depending on how the SEC approaches, it could mean the death of many shitcoins and a massive slow-down to the shitcoin casinos.
https://www.investopedia.com/news/how-sec-regs-will-change-cryptocurrency-markets/
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0 sats \ 0 replies \ @GengarGod007 25 Jul 2022 freebie
If everything but Bitcoin is deemed a security, this whole industry is fucked Bitcoin included. We’ll go back to $5k with no volume
100 sats \ 0 replies \ @NodlAndHodl 24 Jul 2022 freebie
It's going to be real interesting to see what happens in the next year or so regarding all of this. Not that I think regulation needs to be enforced in any way regarding whatever shitcoin folks want to get rekt with. When it happens, I think most of these are going to go away, or be exposed as the centralized ponzi's that they are.
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0 sats \ 0 replies \ @cryptocoin 24 Jul 2022
#DELETECOINBASE
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0 sats \ 0 replies \ @pitiunited 24 Jul 2022
conbase, eh? :clown_face:
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