Do you agree with Coinbase Chief Legal Officer Paul Grewal's adamant statement that Coinbase does not list securities?
Nope.
Many cryptocurrencies are issued with the clear intent to grow in value against the USD. That intent creates a valid question about whether the investment is a security. Other tests can easily allow a reasonable regulator to conclude a security is in play.
Anonymous
asked
Devin Thorpe
Nope.
Many cryptocurrencies are issued with the clear intent to grow in value against the USD. That intent creates a valid question about whether the investment is a security. Other tests can easily allow a reasonable regulator to conclude a security is in play.