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0 pointsjrm43y ago0 comments

Gensler doesn't much think at all, apparently.

Again, "Crypto is securities" is an interesting proposition, but there are legal tests and crypto doesn't always "pass" all of them. I'm not saying he's definitely wrong, I am saying that there's not enough "homework" out there to prove he's right and he (et al) need to do better about putting up or shutting up.

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polygamous_bat3y ago

Would you read what you are writing?

Gensler doesn't need to prove _all_ crypto is definitely 100% unregistered security, just that some of the ones sold by Coinbase is. How certain are you in the claim that none of the cryptocurrencies peddled by Coinbase is not legally a security?

qeternity3y ago

Yeah well that's just not how any of this works.

Gensler makes the rules, and the courts will adjudicate any challenges.

There's no homework to be done: most crypto doesn't pass the Howey test.

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