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Various regulatory bodies are fighting over crypto as they want to be the one to regulate it. Coinbase is just stuck in the middle of the battle for control.
by thallium205 4y ago
Various regulatory bodies are fighting over crypto as they want to be the one to regulate it. Coinbase is just stuck in the middle of the battle for control.
- Quindecillion 4y agoI thought they were pretty clear on where the line is drawn. Gary Gensler and Rostin Behnam consider Bitcoin a commodity in the crypto space, so would be regulated by the CFTC. Every other crypto (probably even Ethereum) is a security, and so falls under the SEC's jurisdiction. That's what they've been signalling for a while now.
- cdiddy2 4y agoit seems that they disagree on ethereum https://decrypt.co/123032/cftc-chair-says-ethereum-is-a-commodity-despite-genslers-bitcoin-only-position https://decrypt.co/123032/cftc-chair-says-ethereum-is-a-comm...