Crypto Blog
Coinbase CEO Brian Armstrong has called for the next US Securities and Exchange Commission chair to address the agency’s perceived inconsistencies in its approach to digital assets.
In 2018, the SEC stated that a digital asset “all by itself is not a security.” However, in 2021, the regulator declared that a digital asset “embodi” and “represents the investment contract.” This is followed by three contradictory statements in 2024 alone. The agency has also been inconsistent in determining whether Bitcoin is considered a security. In 2023, it stated that “he SEC has never claimed is a security.” However, in 2024, the agency asserted “Maybe ‘here’s not an answer.'” Notably, just four days later, it took yet another stance, proclaiming “‘hat’s not a security.'”
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