Bloomberg's Sonali Basak and Allyson Versprille join Emily Chang for a discussion on Coinbase's latest SEC investigation over the possible trading of unregistered securities, and what that means for the crypto industry at large.
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Francisco Gimeno - BC Analyst This new are more important than what it seems. It's a part, maybe the beginning, of many possible cases where non regulated or unregistered teens and coins, what SEC can label as unregistered securities are found not compliant with federal law (in US) or other financial regulations in other countries. The development of this investigation and what may happen is paramount for this issue. We forecast that from now on many new startups dealing with crypto will look to comply with security and commodities regulations in different international financial frameworks specifically the incoming crypto regulations.