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Author Topic: Coinbase Establishes Political Action Committee  (Read 161 times)
FXTradingPro
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July 22, 2018, 05:10:01 PM
 #1

The PAC established this week will mean that Coinbase will help shape the future of Cryptocurrency regulations in the United States. This will also mean that at some point the return of the ICO market to the US.

https://forexmarketslive.com/coinbase-established-political-action-committee/
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July 24, 2018, 01:54:21 AM
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this is going to be great for those ICO investors and hunters, with ICO from America I think it will be a good choice of ICOs.
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July 24, 2018, 08:23:36 AM
 #3

this is going to be great for those ICO investors and hunters, with ICO from America I think it will be a good choice of ICOs.

No! Political action committees are created to safeguard the company's interest in case of any downfall hits the company due to any decision taken by a politically influenced legislative council. It has nothing to do with the ICOs in US market. Coinbase has not started any consulting service for the ICOs in USA. Setting up a PAC means Coinbase is serious about their business and they want to protect the consumer's funds that are entrusted with them. ICOs are not coming into the picture here!

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July 24, 2018, 10:06:48 AM
 #4

You should note that not all kinds of Tokens are prohibited from launching an ICO in the United States, only security tokens are prohibited from being promoted in the country. Also this move is more related to people evading their taxes rather than what you are talking about security tokens. Coinbase giving full transparency when it comes to their US customer's income report will show that Coinbase users are paying the right amount of tax every tax report. Good thing that this move happened now rather than later.

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July 24, 2018, 05:34:48 PM
 #5

They can certainly will. Coinbase has been following what the US government is ordering them to do ever since the IRS required them to provide earning reports for some of their users all they did was follow what they ordered them. The problem I see here is that how can they resolve the problem with the SEC regarding Security tokens? Because I don't think that the SEC is open to giving Coinbase the chance to offer up dozens of security tokens when this happen. We might see a little wiggle room for some security tokens but not all of them will pass.

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August 02, 2018, 08:38:35 PM
 #6

Coinbase is targeting the US as her market base because of the believe that Americans wouldn't allow their investors to be scammed or allow any scamy ico to stay, thereby opening more patronage.

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August 03, 2018, 11:52:53 PM
 #7

Exactly, it is most likely going to try to push for legislation that will be favored towards their own company and to enable them to make more money themselves, instead of looking at any issues that people are actually concerned about in terms of bitcoin.

I don't really see this as a huge positive, as a result.

I guess that it would be good for crypto projects if they did have a way to legally raise funds for their project in the form of an ICO, but at this stage, we don't even know what this political action committee is pushing for at this moment. All I know is that coinbase has a ton of existing issues like customer support, and they are not resolving these internal issues but instead adding new features and trying to influence regulation. That's not good business for the people, imo.

 
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August 04, 2018, 02:20:25 AM
 #8

Coinbase is targeting the US as her market base because of the believe that Americans wouldn't allow their investors to be scammed or allow any scamy ico to stay, thereby opening more patronage.


The step taken by Coinbase by targeting America as its market is right, but in the future the market of cryptocurrebcy currencies will likely move to Asia, especially Japan and China. The global market will definitely look for a very large market and that happens in Asia. must see this excellent opportunity by preparing security and technology support to anticipate the scamy ico.
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