Coinbase, flat out, engages in wire fraud

“Alesia Haas said her firm believes that blockchain tokens are not securities but rather digital property or a way to record ownership.”

It is a violation of federal law for individuals, or organizations to create private coin or currency systems to compete with the official coinage and currency of the United States.

Sorry, Alesia, your form, Coinbase, flat out, engages in wire fraud.

All alternative currency systems are illegal to operate in the United States, nothing will change this. Article I, Section 8, Clause 5 of the United States Constitution delegates to US Congress the power to coin money and to regulate the value thereof.

If #bitcoin tokens were merely equivalent to digital property, we wouldn’t be having a hearing about it at the United States Capitol.

#Bitcoin is a pirate currency, it cannot possibly be regulated, or become legally compliant with the US law.

#digitalcurrency #alternativecurrency #coinageact

Author: Litesand

Antitrust, real estate, e-commerce, fintech, proptech, bigtech

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