1. PixelPlaygroundHome
  2. Metaverse Insights

Coinbase Vice President on Token Security in the United States

• Metaverse Insights • 162 views

It is reported that Scott Bauguess, Vice President of Coinbase Global Regulatory Policy, said in the panel discussion at the digital asset seminar on Thursday …

Coinbase Vice President on Token Security in the United States

It is reported that Scott Bauguess, Vice President of Coinbase Global Regulatory Policy, said in the panel discussion at the digital asset seminar on Thursday that we are glad that the products we provide in the United States are not securities. Tokens on Coinbase do not behave like securities because of the lack of dividends and residual interest; But even if all tokens are recognized as securities, Coinbase can make it work. There are reasonable rules, which can be done.

Coinbase and Kraken executives: the products provided on the platform are not securities

Interpretation of the news:


Scott Bauguess, the Vice President of Coinbase Global Regulatory Policy, recently spoke about the security of tokens provided by Coinbase in the United States. During a panel discussion at a digital asset seminar, Bauguess emphasized that Coinbase is glad that the products they offer are not securities. The Vice President went on to explain that Coinbase tokens do not behave like securities due to several factors, including the lack of dividends and residual interest.

Regardless, Bauguess noted that even if all tokens were acknowledged as securities, Coinbase would still make it work through the implementation of reasonable rules. His statement appears to be a proactive measure in anticipation of any future changes to U.S. securities laws.

This statement by Bauguess reaffirms Coinbase’s commitment to complying with regulatory frameworks while upholding token security. Cryptocurrency regulation is still a contentious issue, with various countries grappling with how to ensure investor protection without stifling innovation. While the United States has yet to introduce new crypto regulations, Bauguess’s statement suggests that Coinbase is prepared to pivot and adapt its offerings to comply with any changes in the legislative framework without much difficulty.

In conclusion, Bauguess’s remarks on Coinbase tokens provide a reassuring insight into the platform’s commitment to regulatory compliance and upholding token security. Coinbase’s proactive stance in anticipating potential regulatory changes is commendable and reflects the need for businesses in the cryptocurrency industry to prioritize investor protection.

Overall, Coinbase’s approach to regulatory compliance and upholding token security should serve as a model for other cryptocurrency platforms seeking to navigate an increasingly complex regulatory landscape.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/4737/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/03/2023 03:33
Next 03/03/2023 03:47

Recommended articles