Key quote:
Coinbase brings this mandamus action to seek modest, but meaningful and time-sensitive, relief: a writ requiring the Securities and Exchange Commission (SEC or Commission) to act on Coinbase’s pending rulemaking petition to provide clarity for the crypto industry. Coinbase does not ask the Court to instruct the agency how to respond. It simply requests that the Court order the SEC to respond at all. The Commission has repeatedly demonstrated that its mind is made up to deny the petition. But the Commission’s delay in formally announcing that decision has enabled it to improperly delay judicial review at a critical moment for the industry.
(As an aside, I consider it journalistic malpractice to publish a news story about a court filing without including a link to the filing itself.)
Likewise for legislation and for scientic research (when its open access). It can just be a footnote, if they're worried about sending the reader off down a rabbit hole.
This whole thing has been silly, coinbase has been making this disingenuous argument for years now that they want "regulatory clarity" around crypto, but when that clarity turns out to be "We already have rules maybe you should follow them" they act all surprised. At the end of the day it's very simple, crypto that complies with the law isn't really a thing anyone needs.
It's not “identical”, just as trading coconuts for pearls is not the same with options trading, executed by an OTC dark pool in the US market.
Also, the regulator doesn't agree with you : Gensler refuses to say if ETH is a security or not. Following your line of thought this should be a no-brainer. Maybe there's a political reason behind this unprofessional behavior from the American regulator?
Anyway, crypto leaving the US is a net positive for the world, as it will further free itself from imperialistic domination.
Yes, it's great that Bitcoin will move away from free and open democracies to banana republics and despotic regimes- the true bastions of freedom.
[Some speculate the reason is the FTX debacle, and the political donations of its founder, and the politicos wanting to be seen "taking care of that crypto problem"].
oof, so...is Ether a security?
Is this tweet an exchange? https://twitter.com/hoffmang/status/1515797969802436608
