Episode 16: The Gloves Are Off

Tokens of Wisdom

SEC vs Binance on Monday. SEC vs Coinbase on Tuesday. What a week!

The gloves are officially off, and the SEC is coming hard after the crypto titans. What does it all mean? You’ve come to the right place.

Key Points From This Episode:

• Similarities (unregistered offerings galore!) and differences (fraud!) between the Binance and Coinbase allegations.
• Why the allegations against Coinbase seem particularly disingenuous.
• Why if you try hard enough, everything fails the Howey Test.
• A glass-half-full conclusion (I am an eternal optimist after all).

Disclaimer:

This show is for informational purposes only. Nothing presented here constitutes legal advice. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/

Links Mentioned in Today’s Episode:

Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/

Cole-Frieman & Mallon LLP - https://colefrieman.com/

SEC vs Binance Complaint - https://www.sec.gov/files/litigation/complaints/2023/comp-pr2023-101.pdf

SEC vs Coinbase Complaint - https://www.sec.gov/litigation/complaints/2023/comp-pr2023-102.pdf

Paradigm Articles - https://policy.paradigm.xyz/writing/secs-path-to-registration-part-i

Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg

For any questions or comments, email: [e-mail]