Terrible communication by coinbase but I think coinbase are actually correct and pro-customer when they say there is a lack of good legislation around digital a

Terrible communication by coinbase but I think coinbase are actually correct and pro-customer when they say there is a lack of good legislation around digital assets. While it remains unclear whether or not these coins are covered by existing securities legislation it also remains unclear what costumers and exchanges can do with these coins. If the SEC decides all these coins are securities it will criminalise the insider trading for sure, but it will also potentially criminalise coinbase's exchange as (They aren't licensed to deal in securities AFAIK). In my own view that might be a good thing but whether this is good for customers is debatable - I'm not sure where they could go instead.