Crypto Exchanges Band Together to Form Ratings Agency

October 3, 2019
It's been a busy few days for the securities exchange commission. EOS maker Block.One settling with the SEC for $24 million over an unregistered securities sales, and crypto exchanges Coinbase, Kraken, Circle, Paxos, Genesis, Grayscale and others joined forces to create the Crypto Ratings Council, a system to rate digital assets on how likely they are to be considered a security by regulators. Nisa Amoils, venture capitalist, securities lawyer, and Forbes' contributor, joined Cheddar to discuss how regulators might respond to the effort for self-regulation.