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While SEC rules are hazy, Coinbase's Lend product likely does constitute a security; to avoid SEC oversight, Coinbase would need to be regulated like a bank (Matt Levine/Bloomberg)




Matt Levine / Bloomberg:

While SEC rules are hazy, Coinbase’s Lend product likely does constitute a security; to avoid SEC oversight, Coinbase would need to be regulated like a bank  —  Is lending your Bitcoins a security?  —  Oh, sure, yes, absolutely.  The rule in the U.S. is that an “investment contract,” …





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