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SEC Lawsuit Bombshells Against Binance & Coinbase Explained Simply with Sam Callahan

Coin Stories

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The SEC's Complaint Against Coinbase

Coinbase's view was that the highway test is outdated. And it, they need to take more facts in when it looks at these new digital assets and determine whether they are or aren't a security. So they got together with other major exchanges and institutions in the space and they formed the crypto rating council. They would rate it on a scale of one to five. Even if it was a five, meaning it was probably a security, they still listed it.

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