The SEC Probably Thinks This Is A Security
Bloomberg Crypto
00:00
I Don't Understand Crypto Layers
There was an ex-employee of Coinbase who got arrested on allegations that he was insider trading nine crypto tokens, knowing that they would be listed. The weird thing is for the SEC to bring this action against this employee, they would have to have defined those crypto tokens as securities for the purposes of their jurisdiction. And that seems to be the thing that has absolutely freaked out a whole bunch of crypto layers and CEOs this week. "I don't understand crypto layers, man. I just don't understand it," says Aaron Carroll.
Transcript
Play full episode
