Coinbase argues that assets like paintings, baseball cards, and cryptocurrencies can be investments but aren’t securities unless they offer a contractual claim related to a business’ future profits or assets, and the SEC hasn’t shown that trades on Coinbase’s platform confer such claims or a financial stake in an enterprise.

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• Source: https://www.coindesk.com/policy/2023/10/25/coinbase-says-sec-is-attempting-to-redefine-definition-of-an-investment-contract/?utm_medium=referral&utm_source=rss&utm_campaign=headlines