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The SEC's Argument About Crypto Assets
The SEC's argument is that most crypto assets are securities./nWhen issuing a security in the US that is available to US citizens, registration with the SEC is required./nCompanies like Coinbase had to go through an extensive process with the SEC explaining their business model and why US citizens should have access to invest in their company./nThe SEC is targeting Coinbase and Binance for facilitating the trading of unregistered securities./nThe lack of clear guidelines and a better framework for labeling securities and classifying tokens results in cases of regulation by enforcement.