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personjerry

Step 1. Make friends with someone high up at Coinbase

Step 2. Create a coin, buy a lot of it for yourself

Step 3. Get friend to list your coin on Coinbase

Step 4. ???

Step 5. Profit

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Step 6. Go To Jail. Do not pass GO, do not collect $200

Cryptos are not securities unless you do an ICO and advertise it that way. Pump and dumps are legal.

It is dangerous to conflate SEC regulations and plain old fraud. Promoting a security while you’re selling it is going to get you handed right over to a DA.

Not being securities only means you're safe from the SEC, you might still be on the hook for generic fraud charges.

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