The SEC recommended that Coinbase stop trading in crypto outside of bitcoin since everything else was an unregistered security.
Coinbase’s CEO argued this would kill the crypto industry. This is funny mostly because the primary use case of crypto that isn’t bitcoin is to get the benefits of stocks without any of the regulations especially any regulation of insider trading, wash sales or money laundering.
https://www.ft.com/content/1f873dd5-df8f-4cfc-bb21-ef83ed11fb4d
Dare Obasanjo /
npub1l4…exuhy
2023-08-01 02:05:35
Author Public Key
npub1l4l93jaluhcmp24qqhsnz0wv4ld4lnyv5h09k2p7cssrjn5zwflscexuhyPublished at
2023-08-01 02:05:35Event JSON
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"content": "The SEC recommended that Coinbase stop trading in crypto outside of bitcoin since everything else was an unregistered security. \n\nCoinbase’s CEO argued this would kill the crypto industry. This is funny mostly because the primary use case of crypto that isn’t bitcoin is to get the benefits of stocks without any of the regulations especially any regulation of insider trading, wash sales or money laundering. \n\nhttps://www.ft.com/content/1f873dd5-df8f-4cfc-bb21-ef83ed11fb4d",
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