Amicus Curiae Briefing

It is reported that according to the latest amicus curiae briefing submitted by Coinbase, the cryptocurrency exchange claimed that the cryptocurrency on its platform was not securities, and that Coinbase would also be willing to list securities products if the United States Securities and Exchange Commission gave appropriate guidance and regulations. Coinbase wrote in the briefing: “The United States Securities and Exchange Commission believes that digital assets are qualified as securities because they belong to investment contracts, but for encrypted assets, the legal term lacks two basic attributes. They are neither contracts nor investments.” (coindesk) Coinbase: If the SEC makes rules, it is willing to list securities Analysis based on this information:In the latest amicus curiae briefing submitted by Coinbase, the cryptocurrency exchange claims that the cryptocurrency on its platform is not securities. This stance is in contradiction to the United States Securities and Exchange Commission (SEC), which believes that digital assets are qualified as securities because they belong to…