Crypto Rating Council

From CryptoMarketsWiki
Revision as of 07:53, 10 February 2020 by TomThompson (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search
Crypto Rating Council
Crypto Rating Council logo.jpeg
Founded 2019
Products Informal guidance on which cryptocurrencies are securities
Website Crypto Rating Council
Blog https://medium.com/crypto-rating-council

Coinbase announced in its own blog post that it had been joined by Anchorage, Bittrex, Circle, Cumberland DRW, Genesis Trading, Grayscale Investments, and Kraken to form the Crypto Rating Council.[1]

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 one to five. One indicates that a cryptocurrency is most like a security.[2] 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." [3]

On its first day, September 30, 2019, the Council revealed on its website that it had rated 20 cryptocurrencies. Bitcoin, Dai, Litecoin and Monero were all rated 1. Ethereum was rated 2.[4]

In a blogpost in January 2020, the group announced that it had added OKCoin, RADAR and eToro USA as members. The Crypto Rating Council also announced its ratings for Cosmos (ATOM), Livepeer (LPT), Dash (DASH), Ethereum Classic (ETC), and Horizen (ZEN) at the same time.[5]

References