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Coinbase Compares Buying Crypto To Collecting Beanie Babies
Coinbase said buying cryptocurrency on an exchange was more like collecting Beanie Babies than investing in a stock or bond. From a report: The biggest US crypto exchange made the comparison Wednesday in a New York federal court hearing. Coinbase was arguing for the dismissal of a Securities and Exc...
Coinbase said buying cryptocurrency on an exchange was more like collecting Beanie Babies than investing in a stock or bond. From a report: The biggest US crypto exchange made the comparison Wednesday in a New York federal court hearing. William Savitt, a lawyer for Coinbase, told US District Judge Katherine Polk Failla that tokens trading on the exchange aren't securities subject to SEC jurisdiction because buyers don't gain any rights as a part of their purchases, as they do with stocks or bonds.
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