Coinbase Tells Judge That Buying Crypto Is Like Collecting 'Beanie Babies,' SEC Says It's An Investment

In a recent court hearing, a lawyer representing Coinbase Global Inc (NASDAQ:COIN) compared buying cryptocurrencies to collecting Beanie Babies, a popular toy from the 1990s. The lawyer argued that buying crypto tokens doesn’t grant the buyer any rights, unlike traditional securities. source: https://www.benzinga.com/markets/cryptocurrency/24/01/36690214/coinbase-tells-judge-that-buying-crypto-is-like-collecting-beanie-babies-sec-says-its-an-i?utm_campaign=partner_feed&utm_source=cryptopanic.com&utm_medium=partner_feed&utm_content=site