SEC Authority - Far Reaching (Patreon)

This is classic = highlights the Govt Corruption!

The recent Coinbase hearing exposed a significant issue in the SEC's legal argument: it implies that almost any asset can be classified as a security.

Coinbase hearing revealed a key flaw in the SEC's legal theory: it turns nearly every asset on the planet into a security. Sneakers, Baseball Cards, Marbles... 

This notion seems implausible. The SEC was established to oversee financial markets and instruments, not digital goods or the technologies that drive them.

h/t Sanjay for the graphic