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> Coinbase facilitates the sale of "assets" that the buyer expects to increase in value. By definition, that's a security, right? In terms of outdated US regul
by rasengan 4y ago
> Coinbase facilitates the sale of "assets" that the buyer expects to increase in value. By definition, that's a security, right?
In terms of outdated US regulation based on some farm land, yes.
- maxfurman 4y agoWhether or not the regulation is outdated, it is the law of the land in the US at the moment and is relevant to enforcement actions by the SEC. This definition of security will determine Coinbase's success or failure in court.
- WrtCdEvrydy 4y agoI'm surprised homes are not qualified as "securities" at this point. Home prices must go up :D