It’s been a rough week. The SEC sued Coinbase and Binance. And a lot of coins have been called out by name in those lawsuits. The SEC declared that Solana, Cardano, Cosmos, Polygon, COTI, Decentraland, Algorand, Filecoin, The Sandbox, Axie Infinity, Chiliz, Flow, Internet Computer Protocol, NEAR Protocol, Voyager Token, Dash, and Nexo are all unregistered securities.
Given that, we’re selling our Decentraland position and recommend investors do the same. But hold on to Cosmos.
Beyond that, there’s a lot to unpack about these lawsuits and the way the SEC is approaching crypto in general. So in this episode of Crypto Monitor, Vin Narayanan explains the SEC’s terrible approach to crypto regulations, Coinbase’s likelihood of succeeding in the Supreme Court, and more. (As a bonus, see if you can pinpoint the moment when Vin realized his hamstring was cramping up.)
Thanks for watching!