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

@molly0xfff And yet, "cryptocurrency is typically decentralized digital money", says Coinbase.
https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency
@molly0xfff And wait, "Cryptocurrency trading firm [Coinbase] warns its customers could be viewed as general unsecured creditors" https://www.wsj.com/articles/coinbase-says-users-crypto-assets-lack-bankruptcy-protections-11652294103 [paywalled]
Coinbase Says Users’ Crypto Assets Lack Bankruptcy Protections

Cryptocurrency trading firm warns its customers could be viewed as general unsecured creditors

WSJ