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at the state level, and the choice is still available to participants to lose their money whether it is plainly obvious or buried in 30 pages of disclaimers
by vmception 5y ago
at the state level, and the choice is still available to participants to lose their money whether it is plainly obvious or buried in 30 pages of disclaimers
- jrochkind1 5y agoThe SEC appears to be arguing that Coinbases product should be regulated as a security.
- vmception 5y agofor you to say that, you missed my point quite far. "regulated as a security" itself can mean 100 different things, and its not a nuanced enough take to know if a product can be offered at all, to whom it can be offered to, what disclosures are necessary if any, and more
- qwertox 5y agoI guess they are indirectly saying that if they are not under any other regulation (which they know they aren't), they will have to be treated as a security. They are expecting Coinbase to show them who is regulating them. If they don't do it, they must be sued.