mistatee2000 Posted June 19, 2018 Share Posted June 19, 2018 I'm fed up too of hearing about "when Coinbase", but this is more about lack of regulation in our markets and how insider information benefits those with the contacts, which seems endemic in our market https://modernconsensus.com/cryptocurrencies/ethereum/coinbase-ethereum-classic-sec/ Quote Coinbase has been slow to add other tokens such as third place XRP token ( XRP $0.55), fifth place EOS ( EOS $10.73) or seventh place Stellar’s lumens token ( XLM $0.24). It has repeatedly stated that its reluctance is over the possibility that a listed currency might be declared a security, which would cause many legal headaches for Coinbase since it is not registered to sell securities. However, before Hinman’s surprise announcement, many in the crypto world thought that Ethereum itself—and thus Ethereum Classic—faced a strong possibility of being declared a security. I also wonder who this executive was who was quoted: Quote One crypto executive, who declined to be named because of regular business dealings with Coinbase, insisted to Modern Consensus that the timing was no coincidence. “What I find interesting is Coinbase has been vocal in saying they can’t list new assets right now because they don’t know what is and is not a security. Two days before the SEC’s public statement, Coinbase announces that they’re going to list Ethereum Classic. They must have known about the SEC decision. Otherwise, they would not have made that announcement because they would have had to be regulated as a securities exchange. It’s like, really? That’s not a coincidence. I suppose that I should keep an open mind....not. The article is a quick read, but very worthwhile Still1, TheHoff, Deeznutz and 4 others 5 2 Link to comment Share on other sites More sharing options...
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