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I mean Coinbase literally sued the SEC to get them to define more appropriate rules. So I have a hard time buying that Coinbase just ran away with it and didn't

• ceejayoz 3y ago
  > I mean Coinbase literally sued the SEC to get them to define more appropriate rules. By which they mean "we don't like the ones you told us about". https://assets.ctfassets.net/c5bd0wqjc7v0/5NRidtW8lvwVEfSHpndWQm/78f95afa4f0ebaaefb303e1a4f172d03/Coinbase_petition_for_SEC_rulemaking.pdf https://assets.ctfassets.net/c5bd0wqjc7v0/5NRidtW8lvwVEfSHpn... > Rather than initiate new rulemaking, Chair Gensler has repeatedly stated through speeches and testimony that the vast majority of digital tokens are securities, and has asked issuers and exchanges that offer, sell, and trade them to come in and register. We disagree that the majority of digital assets are securities. For those digital assets that are securities, registration under the current rules is, for many market participants, either not possible or not economically viable given the associated and unnecessary compliance burdens. Coinbase: "Plz make rules." SEC: "We already have them." Coinbase: Yes, but we don't like those ones."
• usea 3y ago
  They need to do more than try to get things more legalized. They have to succeed. Or they get sued for breaking the law. If people don't agree that it should be legal, then oh well. That's the risk.