Will the SEC control the coins listed on Coinbase one day?

[BrolySSJ]

I think that the major gap in our financial system is that which exists between the crypto financial system and the regular fiat system. In order for financial systems to truly prosper i think that there needs to be a bridging of these two systems. Coinbase has recently filed with the SEC to be listed on the stock exchange. If this happens, and the motions is accepted, the SEC may soon be controlling the coins that are listed on Coinbase. Do you think that this is a good idea? Is this likely to affect the userbase of Coinbase? Or could this be the bridging of the two financial systems that we have been hoping to see?

 

[Prettybabe]

What makes cryptocurrency special is the fact that people can use it without unnecessary control from the government. I particularly don't think it's a very good idea for SEC to have total control of the coins. It is a NO for me.

 

[Nova]

Yes to be honest. You can;'t expect govts from all over the world to be performing and behaving to support crypto. They will regularize it and also control the type of the coins that go on the circulation. And so I think we should be doing all the transactions and the exchanges before that happens as well. I'd recommend that coinbase investment should not be taken as serious wallet. Save it on exodus or atomic wallet instead.

 

[Goodday]

The two parties know their missions why they came together and I think if the agreement wouldn't have been good, coinbase wouldn't have accepted it too so l think they may not have absolute power of controlling coins that are listed on coinbase if those coins aren't illegal.

 

[Abibatabosede]

The beauty of this currency is it's ability of being independent without any policy that bind it.If crypto currency become a listed item under the stock exchange policy,it will definitely affect it growth towards competing with the fiat money.

 

[Nurudeen]

SEC can never control any coin on Coinbase. Why Coinbase delisted xrp from their database coin is because they don't want Investors to lose their money and that is the major reason why they told Investors to transfer the xrp coin into another that's suitable for them.

 

[Ltherman]

One of my fears about the government coming in to control the crypto space is the fact that it would have defeated the true essence of crypto which was meant to decentralized that control that the government had over the financial space. With coinbase planning to go under the control of SEC though it maybe to early to determine, its unsetling all the same.

 

[giddy]

I think yes, very very soon, because they are many plans u.s is trying to Execute
U.S. cryptocurrency exchange Coinbasehas filed with the Securities and Exchange Commission (SEC) for an initial public offering (IPO), according to a report from The Wall Street Journal(WSJ).
This makes Coinbase the first major bitcoin company to go for the public markets, WSJ reported. It is the largest crypto exchange in the U.S.

 

[Sake]

There's a news about this that i read somewhere, and looks like that's what they're trying to do. Not just Coinbase but once they target a Cryptocurrency it will have a major effect like what's happening now with Ripple. They are being delisted to many exchange not just Coinbase.

 

[Lyrrex]

One of my fears about the government coming in to control the crypto space is the fact that it would have defeated the true essence of crypto which was meant to decentralized that control that the government had over the financial space. With coinbase planning to go under the control of SEC though it maybe to early to determine, its unsetling all the same.

True but that can only happen with coins registered with SEC. Take Bitcoin for an example --- it's the most popular,but yet they weren't able to control or regulate it because they can't trace it's root.

 

[Ralphjoe]

Well cryptocurrencies has maintained this difference from fiat currency for a long time because cryptocurrencies are not controlled by anyone but by a decentralized system of payment. If this characteristics of mining is tempered with, that would be the end of so many interested in cryptocurrencies business

 

[Tienda]

After what happened with Ripple XRP I think anything can happen in the future and SEC react at any moment with others coins and maybe are able to control website exchanges based in the USA. But I think the cryptocurrency digital world it is on the way to be controlled soon.

 

[Trojan8]

I would like to see how that partnership would work out. It's novel and it's success would go a long way in determining how crypto would be adopted across other countries. I do hope this works but I do see the need to control volume of daily trades. SEC don't determine how much conventional firms sell, why do same for crypto?

 

[Highflyer]

Your Money is Secure

While it is never 100% safe to your money on any online exchange, Coinbase is one of the safest web wallets you can use. Coinbase keeps almost 99% of their assets in an offline cold storage that can't be accessed — when in cold storage, they cannot be hacked!

 

[Kamon c4]

Coinbase are about to be listed in the Stock exchange market and it’s ideal of them to follow every regulations laid down by the SEC. if SEC delist a cryptocurrency it’s automatically required of coinbase to immediately delist the coin also. I beleive that was what happened with XRP. After the lawsuit on ripple, coinbase delisted XRP from its market

 

[Kelly5]

I think that the major gap in our financial system is that which exists between the crypto financial system and the regular fiat system. In order for financial systems to truly prosper i think that there needs to be a bridging of these two systems. Coinbase has recently filed with the SEC to be listed on the stock exchange. If this happens, and the motions is accepted, the SEC may soon be controlling the coins that are listed on Coinbase. Do you think that this is a good idea? Is this likely to affect the userbase of Coinbase? Or could this be the bridging of the two financial systems that we have been hoping to see?

In as much as we know for now that the cryptocurrency sphere is yet within their jurisdiction of control, we both know that this day will certainly come when governments will want to control that sector too. It's inevitable.

 

[BrolySSJ]

In as much as we know for now that the cryptocurrency sphere is yet within their jurisdiction of control, we both know that this day will certainly come when governments will want to control that sector too. It's inevitable.

Yes of course. In order to be able to regulate crypto and for the government to be able to benefit and gain from the crypto world as well there is a certain degree of control that they will have to have over crypto in order to impose taxes on its use and trading and so forth. This may be hard to those as there are international exchanges as well. Because if you have taxes on your local exchange you can always switch to another exchange.

 

[Henrywrites]

I think that the major gap in our financial system is that which exists between the crypto financial system and the regular fiat system. In order for financial systems to truly prosper i think that there needs to be a bridging of these two systems. Coinbase has recently filed with the SEC to be listed on the stock exchange. If this happens, and the motions is accepted, the SEC may soon be controlling the coins that are listed on Coinbase. Do you think that this is a good idea? Is this likely to affect the userbase of Coinbase? Or could this be the bridging of the two financial systems that we have been hoping to see?

Coinbase knew what they were doing when they made the request to be listed. It's a move to be recognized by many as a serious business entity. This will draw most investors to their way too as the level of trust the public will have on them will certainly increase.

 

[Erik4150]

SEC cannot control every coin in coinbase but they can regulate it's usage. There are rules and regulations that SEC makes as regards to the coins in coinbase and coinbase has to abide by those rules. SEC has the power to sue and ban a coin and coinbase will follow suit by delisting it.

 

[BrolySSJ]

Coinbase knew what they were doing when they made the request to be listed. It's a move to be recognized by many as a serious business entity. This will draw most investors to their way too as the level of trust the public will have on them will certainly increase.

In this sense I definitely agree with you. When it comes to listing on the stock market there will be many more investors that will do so and the fact that you are on the stock market as well will imply a certain degree of confidence in the market as well. However, the concern that I have is that perhaps there will be a lot of crypto users that may not want to use the platform as the coins that will be listed are likely to only be those that are accepted by the USA and that they are able to regulate which may make it hard for crypto users.