Coinbase Compares Crypto To Beanie Babies
Coinbase told a judge that buying cryptocurrencies is just like collecting beanie babies. The crypto exchange is facing a lawsuit from the sec accusing it of selling unregistered securities. Said buying cryptocurrency on an exchange was more like collecting beanie babies than investing in a stock or bond. The biggest us crypto exchange made the comparison. Said buying cryptocurrency on an exchange was more like collecting beanie babies than investing in a stock or bond.
Cryptocurrency is just another version of beanie babies, a coinbase lawyer said in court to argue against classifying the currency as securities. The attorney said crypto is more like collectibles. Cryptocurrency which has revolutionized the financial landscape recently found itself being compared to beanie babies in a legal setting. This intriguing analogy emerged during a court case. Coinbase lawyer compares crypto to beanie babies during wednesdays court session, savitt made the case that cryptocurrencies sold on coinbase shouldnt be considered securities because they dont grant rights to buyers in the same way that stocks or bonds do. its the difference between buying beanie babies inc.
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