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Is there a list of all 25 somewhere? This could provide some illumination on what SEC does and does not consider a security.
by iskander 4y ago
Is there a list of all 25 somewhere? This could provide some illumination on what SEC does and does not consider a security.
- modeless 4y agoOr maybe the SEC considers all of them securities but thought that they had the strongest case for these seven and didn't want the distraction of arguing about the other 18. But yeah, would be interesting to see the list.
- astrange 4y agoIf SEC considers any of them securities, it's very strange for them to go after a single guy at Coinbase and not the entire company, since they've just declared them an illegal securities exchange. (As opposed to an illegal commodities exchange for bitcoin.)
- dleavitt 4y agoI think maybe it's only strange if you assume the SEC has unlimited money and time. Grandparent comment says it better, but they're likely focusing on cases they think are pretty clear-cut.
- iskander 4y agoI'm interested in cases like Rari where there was a decentralized governance mechanism but it was dominated by a "core team", that feels like it encompasses a larger slice of the space than I would have expected. Many of the others are deeply unsurprising though, they are US corporations, took VC investments, have active managerial teams which are all employees of that corp, and advertise themselves as working to increase token value.
- modeless 4y agoYeah and Coinbase just fired back: https://blog.coinbase.com/coinbase-does-not-list-securities-end-of-story-e58dc873be79 https://blog.coinbase.com/coinbase-does-not-list-securities-... This will be the central issue of the case. It'll be interesting! Will Coinbase step in to defend this guy who they were going to fire, just to prove that they don't list securities?