Cryptocurrency like Beanie Babies, says Coinbase in US regulator’s lawsuit
by Blake Montgomery and agencies from on (#6HYZG)
The Securities and Exchange Commission has alleged the crypto exchange is flouting rules and selling unregistered securities
A federal judge in Manhattan on Wednesday grilled Coinbase and the US securities regulator about their divergent views on whether and when digital assets are securities, in a case closely watched by the cryptocurrency industry.
Coinbase argued against classifying cryptocurrencies as securities by saying that the digital coins are like Beanie Babies, more akin to collectibles than stakes in a company.
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