Coinbase vs the SEC - Why Crypto Regulation is So Complex

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Avatar for The.Part.Time.Economist
1 year ago
Topics: Cryptocurrency

It was recently announced that the SEC accused a former Coinbase employee of violating existing securities regulations by trading crypto on insider information. Coinbase fired back by saying that the cryptocurrencies on their website are NOT securities and thus fall outside of existing securities regulations. Whether or not cryptocurrencies are securities has far-reaching implications that extend beyond the particulars of this specific case, and we currently see many other cryptocurrencies (XRP and LBC) engaged in lawsuits with the SEC regarding their status as securities. This recent cryptocurrency news opens many questions. Why do cryptos NOT want to be classified as securities? Why does the SEC think some cryptos are securities and some aren't? Why is cryptocurrency regulation so complex? We'll discuss each of these topics in today's video. #coinbase #crypto #cryptocurrency

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