[arctek]

Except that it would exclude a raft of non-US citizens then, i.e. any sanctioned country, Coinbase would also need to become registered as an ATS and their current settlement and clearing processes would need to be re-engineered from the ground up. For all intents and purposes you cannot register a cryptocurrency with the SEC and then go on trading it anywhere publicly - it doesn't exist. There's only been a few projects that managed to avoid this: Enigma for example moved to a decentralized network and changed their coin over (so it was magically no longer a security according to the SEC) and the SEC just fined them and made them issue refunds for the project raise.

[JumpCrisscross]

> it would exclude a raft of non-US citizens then, i.e. any sanctioned country

This lays bare the problem with the status quo. Wanting to profit off sanctions busting isn’t a sympathetic pitch.

[dbmikus]

In some cases, I find it sympathetic. For example, I don't think it's a clear cut moral resolution that people should exclude Iran from buying US goods and services, but they are on the sanctioned list. I supported Obama dropping sanctions on Iran back when he was president.

There's a difference between what is legal and what is moral. For what is moral, there are hardly any absolute answers.