Coinbase IPO a ‘watershed moment’ for crypto regulation: Caitlin Long


Caitlin Long, founder of Wyoming-based digital asset bank, Avanti Bank & Trust, has predicted Coinbase’s upcoming IPO will be a “watershed moment” for cryptocurrency regulation.

Speaking alongside SEC commissioner Hester Peirce during BlockFi and Real Vision’s “Bitcoin in the Real World” event on Feb. 5, Long speculated the IPO of the United States’ leading crypto exchange is likely to “force” the SEC’s hand to establish a precedent for many outstanding regulatory issues key to the digital asset sector.

How To Get Free Crypto  

Long emphasized the SEC will examine Coinbase’s prospectus with a “fine-tooth comb,” stating:

“What the world is going to look at when that prospectus goes effective, is that everything that in it is OK with the SEC.”

Noting the recent delistings of Ripple’s XRP token from dozens of exchanges after the SEC alleged it was an unlicensed security offering, Long asserts the IPO will compel the SEC to make firm rulings regarding any other tokens it suspects of being securities that are currently trading on Coinbase:

“To the extent that there are securities that haven’t been deemed securities yet, but they actually are, and they’re trading on the Coinbase platform […] I think that the IPO does sort of force the issue.” 

Despite positing that the crypto community will be receiving greater clarity on key issues due to Coinbase’s IPO, Long emphasized that, “It’s not going to be necessarily as black and white as we all hope, but we will get a lot more clarity.”

Following years of speculation across the crypto community, Coinbase revealed plans to go public during the first quarter of this year in December after filing a draft registration with the SEC.

Last week, Coinbase revealed it is seeking to conduct its public offering by direct listing rather than a typical IPO, allowing the firm’s shareholders to sell their stock directly to the public without lock-ups.

Coinbase Banner  

Go to Source
Author: Samuel Haig

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.