The SEC's Decision to Register Cryptocurrencies

Coinbase went through all the trouble of getting SEC approval for its public listing just two years ago, and they reported 70 plus meetings with the regulator over the last year in an attempt to deal with this. The answer is easy to see if you do just a little bit of critical thinking about what the SEC's position actually means, not just the first order of facts. It would fundamentally change the way in which that token could be used, traded, and valued. A Reg D exemption is the simplest, fastest, and cheapest way to do so.