this post was submitted on 19 Jan 2024
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117
Coinbase tells judge that buying crypto is just like collecting Beanie Babies (finance.yahoo.com)
submitted 9 months ago by [email protected] to c/[email protected]
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Coinbase tells judge that buying crypto is just like collecting Beanie Babies::The SEC argued that unlike collectibles, when a crypto token is purchased, the owner is invested in the network or enterprise behind the token.

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[–] [email protected] 12 points 9 months ago (1 children)

And I doubt this is something he just made up off the top of his head either. This was probably some rehearsed shit.

[–] [email protected] 13 points 9 months ago

Our product’s value is 100% speculative and owning it means nothing! No, wait…