SEC v. Coinbase: in an opening hearing, Coinbase says that buying crypto on an exchange is more like collecting Beanie Babies than investing in a stock or bond (Chris Dolmetsch/Bloomberg)

Chris Dolmetsch / Bloomberg:

SEC v. Coinbase: in an opening hearing, Coinbase says that buying crypto on an exchange is more like collecting Beanie Babies than investing in a stock or bond  —  – Exchange compares tokens to plush toys to oppose regulation  — Courts are divided on whether crypto sales are securities