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

crypto is like beanie babies – coinbase, 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)

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