Molly WhiteAug 6, 2023

pretty remarkable to see Coinbase making the argument that crypto is not like stocks, it's like baseball cards, American Girl dolls, or Beanie Babies

it's the future of finance! except when the SEC comes knocking, then it's just a harmless little toy, your honor

#crypto #cryptocurrency #coinbase

Show threadMolly White
crypto is like beanie babies – coinbase, 2023
Aug 6, 2023 at 4:18pmWeb
Show threadMolly WhiteAug 6, 2023
(this is from Coinbase's motion to dismiss the lawsuit from the SEC, document #36: https://www.courtlistener.com/docket/67478179/36/securities-and-exchange-commission-v-coinbase-inc/)
Memorandum of Law in Support of Motion – #36 in Securities and Exchange Commission v. Coinbase, Inc. (S.D.N.Y., 1:23-cv-04738) – CourtListener.com

MEMORANDUM OF LAW in Support re: 35 MOTION for Judgment on the Pleadings . . Document filed by Coinbase Global, Inc., Coinbase, Inc...(Savitt, William) (Entered: 08/04/2023)

CourtListener
Show threadRachel Gustave Lee MathesAug 6, 2023
@molly0xfff So something that was overhyped and never really gained value after the fad passed, then? 😅
Show threadChris HerdtAug 6, 2023

@RodentRachel @molly0xfff Beanie Babies were never widely used by drug cartels.

At least, they weren't that I know of. Although I am now amused to think, what if they had been....

Show threadGadgetGavAug 6, 2023
@molly0xfff With ‘The Beanie Bubble’ being heavily promoted at the moment, you wouldn’t expect them to want that association!
Show threadMatthew M.C. RobertsAug 6, 2023
@molly0xfff They even have cutesey names, like Beanie Babies.
Show threadAtomic OrbitalsAug 6, 2023
@molly0xfff Guess coinbase forgot the case where one beanie baby collector murdered another collector over a deal he felt cheated over.
Show threadShadSterlingAug 7, 2023
@molly0xfff I mean, I’d rather have a beanie Bitcoin than a procedurally generated ape cartoon