this post was submitted on 19 Jan 2024
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117
Coinbase tells judge that buying crypto is just like collecting Beanie Babies (finance.yahoo.com)
submitted 2 years ago by L4s@lemmy.world to c/technology@lemmy.world
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Coinbase tells judge that buying crypto is just like collecting Beanie Babies::The SEC argued that unlike collectibles, when a crypto token is purchased, the owner is invested in the network or enterprise behind the token.

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[–] EdibleFriend@lemmy.world 12 points 2 years ago (1 children)

And I doubt this is something he just made up off the top of his head either. This was probably some rehearsed shit.

[–] Ep1cFac3pa1m@lemmy.world 13 points 2 years ago

Our product’s value is 100% speculative and owning it means nothing! No, wait…