What is the legal battle between Coinbase and regulators about?
— Coinbase is facing allegations from the SEC that it broke the rules by listing tokens subject to securities laws.
How has the regulatory environment for Coinbase been described?
— Coinbase has experienced a lack of clarity and contradictory statements from regulators, leading to a regulatory environment of "regulation by enforcement."
How many assets has Coinbase rejected due to concerns about them being securities?
— Coinbase has rejected 90% of over a thousand different assets reviewed due to concerns about them being securities.
What is Coinbase's stance on crypto securities?
— Coinbase believes there should be a robust market for trading crypto securities in the US and has filed a petition with the SEC for clarity on issuing and registering them.
What is the Howie test and its relevance to crypto assets?
— The Howie test defines a security based on four prongs, and for a crypto asset to not be considered a security, it must be sufficiently decentralized, have no common enterprise, and have specific utility beyond just increasing in value.
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