Crypto Rating Council
|Crypto Rating Council|
|Products||Informal guidance on which cryptocurrencies are securities|
The Council's role is to assess the extent to which any specific cryptocurrency is "likely to implicate the U.S. federal securities laws." The Council rates cryptocurrencies on a scale of 1 to 5, 5 indicating that a cryptocurrency is most like a security. Coinbase said the ratings are conducted independently and further noted, They are not endorsed by the SEC, CFTC, or any government agency, developer team, or other third party, and they are not legal advice."