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The US Securities and Exchange Commission has filed a lawsuit against Coinbase – in what appears to be the latest turn of events. The motion comes a day after the SEC filed a lawsuit against Binance.
The two cryptocurrency heavyweights are under some serious fire, but a closer look at the lawsuit against Coinbase reveals some interesting details.
- One of the more interesting findings (or lack thereof) in the SEC’s lawsuit against Coinbase is the list of altcoins they consider to be securities.
- Admission reads:
From the time of their first offering or sale, each of these crypto asset securities was offered and sold, and continues to be offered and sold today, as an investment contract and thus a security.
- From there, the SEC goes on to name 13 altcoins (in a non-exhaustive list), including ADA, MATIC, SOL, and others. For a complete list, please refer to our latest report here.
- Interestingly, the SEC did not even mention Ripple’s XRP. There is virtually no mention of it.
- Recall that the SEC is also in a legal battle against Ripple – the company behind XRP. The agency has claimed that Ripple has made unregistered sales of securities (XRP).
- It is entirely possible that the SEC only mentioned XRP in its latest claim, but it also leaves the door open for speculation about the ongoing case against Ripple.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
[ad_1]
The US Securities and Exchange Commission has filed a lawsuit against Coinbase – in what appears to be the latest turn of events. The motion comes a day after the SEC filed a lawsuit against Binance.
The two cryptocurrency heavyweights are under some serious fire, but a closer look at the lawsuit against Coinbase reveals some interesting details.
- One of the more interesting findings (or lack thereof) in the SEC’s lawsuit against Coinbase is the list of altcoins they consider to be securities.
- Admission reads:
From the time of their first offering or sale, each of these crypto asset securities was offered and sold, and continues to be offered and sold today, as an investment contract and thus a security.
- From there, the SEC goes on to name 13 altcoins (in a non-exhaustive list), including ADA, MATIC, SOL, and others. For a complete list, please refer to our latest report here.
- Interestingly, the SEC did not even mention Ripple’s XRP. There is virtually no mention of it.
- Recall that the SEC is also in a legal battle against Ripple – the company behind XRP. The agency has claimed that Ripple has made unregistered sales of securities (XRP).
- It is entirely possible that the SEC only mentioned XRP in its latest claim, but it also leaves the door open for speculation about the ongoing case against Ripple.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
