Coinbase Urges SEC to Clarify Rules for US Crypto Token Markets
- —Coinbase backs treating the investment contract, not the token, as the security
- —Letter criticizes Reg D private rounds for concentrated ownership and unlocks
- —Seeks retail token access on terms comparable to accredited investors
- —Says regulatory uncertainty pushes airdrops and innovation offshore
Why it matters: The final Reg CA rules will shape how token projects can raise capital and distribute tokens to US investors.
Source: The Crypto Times