US Sec examines Coinbase for allegations of non-registered securities
US Sec examines Coinbase for allegations of non-registered securities
- The SEC determines whether Coinbase has allowed users based in the USA not to act registered securities on their platform
- The investigation has more far -reaching effects, should a decision by the regulatory authority be made to define certain cryptos as security
Coinbase, one of the largest stock exchanges in the world, enables users to act more than 150 tokens on their platform. The tokens are not considered securities, but if this were the case, the stock exchange would have to register with the SEC, the regulatory authority has warned.
The investigation is not related to the insider trade, in which seven cryptocurrencies on the platform are allegedly associated with the product manager of Coinbase, Ishan Wahi. The SEC said that nine of the dozen digital tokens that were involved in the insider trade were securities, including seven that are listed on the stock exchange.
Questions about what makes a security or a goods in crypto - and which regulatory authority is responsible (SEC or CFTC) - continue to worry industry participants and providers who say that they need clearer guidelines for the company.
The Sec Aut Chairman Gary Gensler previously said that he believes that Coinbase should be registered as a national securities exchange. Coinbase has contested its belonging and claims that it "does not list any securities". End of the story ”, see a Blog entry
digital assets are considered securities if the token can help investors invest money in the financing of a company, with the intention of benefiting from the employees who work in the organization, according to the definitions in the
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