Exchanges spent much of the past two years making Super Bowl ads promising that crypto is the future, so you can empathize with someone who feels ripped off following a collapse like UST. Opinion davidzmorris for the 'Money Reimagined' newsletter
CoinDesk Editor-in-Chief Kevin Reynolds alerted me this week to a striking Linkedin post by a Coinbase staffer. In the post, apparently now deleted, the Coinbaser wrote in part that it’s “crazy to me how much market value sits in these useless projects,” before listing a half-dozen tokens including dogecoin , bitcoin cash , ethereum classic , shiba inu , litecoin , bitcoin SV and bitcoin gold .
But the post raised a much larger point: Do crypto exchanges like Coinbase have a responsibility to customers when they choose what tokens they offer for sale? Should exchanges warn customers about projects or tokens regarded as questionable by their own staff? Or is an exchange’s role more neutral, simply listing tokens and letting customers make their own choices?the depegging of the terraUSD stablecoin.
You might expect there to be a bright-line legal or regulatory answer to this question, but it’s actually somewhat unclear. That’s partly because many of the crypto assets Coinbase offers are in arelative to securities law. So a lot of the rules regarding the responsibilities of financial intermediaries for stocks, for instance, wouldn’t straightforwardly apply to an entity performing the same role for crypto-assets.
There is a further crypto complexity to all this. I’ve been talking about brokers while Coinbase is best known not as a “broker” but as an “exchange.” Because crypto is so retail-centric, exchanges are often effectively also brokers, selling assets directly to customers.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Shiba Inu and Dogecoin Can Now Be Traded Against Circle's Stablecoin on MEXC Global$SHIB and $DOGE remain under strong selling pressure together with other major coins
Les mer »
Ukraine needs to face reality to end conflict, talk to Putin: ZelenskyyUkraine's President Volodymyr Zelenskyy said Friday that communication between his country and Russian President Vladimir Putin is necessary to end the war.
Les mer »
Terra to burn 1B UST from the community pool as holders vote for itThe proposal also included the burning of the remaining cross-chain UST that’s deployed in the Ethereum blockchain.
Les mer »
A child trauma expert explains how parents can support kids in Uvalde and elsewhereMelissa Brymer says talking to kids about school shootings can be upsetting; you may need to have conversations in small chunks for them to understand.
Les mer »
Abrams-Kemp Slugfest for Georgia Governor Promises to Be Pricey, Long and UglyBoth Abrams and Kemp are already talking about what they need to do to mobilize voters after primaries that drew heavy turnout.
Les mer »