Difference between revisions of "Crypto Rating Council"

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[[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.<ref>{{cite web|url=https://blog.coinbase.com/introducing-the-crypto-rating-council-d6ee33a8f34d|name=Introducing the Crypto Rating Council|org=Medium|date=September 30, 2019}}</ref>  
 
[[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.<ref>{{cite web|url=https://blog.coinbase.com/introducing-the-crypto-rating-council-d6ee33a8f34d|name=Introducing the Crypto Rating Council|org=Medium|date=September 30, 2019}}</ref>  
  
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.<ref>{{cite web|url=https://www.cryptoratingcouncil.com/|name=Website|org=Crypto Currency Council|date=September 30, 2019}}</ref> 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." <ref>{{cite web|url=https://blog.coinbase.com/introducing-the-crypto-rating-council-d6ee33a8f34d|name=Introducing the Crypto Rating Council|org=Medium|date=September 30, 2019}}</ref>
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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.<ref>{{cite web|url=https://www.cryptoratingcouncil.com/|name=Website|org=Crypto Currency Council|date=September 30, 2019}}</ref> 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." <ref>{{cite web|url=https://blog.coinbase.com/introducing-the-crypto-rating-council-d6ee33a8f34d|name=Introducing the Crypto Rating Council|org=Medium|date=September 30, 2019}}</ref>
  
 
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.<ref>{{cite web|url=https://www.cryptoratingcouncil.com/asset-ratings|name=CRC Securities Framework Asset Ratings|org=Crypto Ratings Council|date=CRC Securities Framework Asset Ratings|date=September 30, 2019}}</ref>
 
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.<ref>{{cite web|url=https://www.cryptoratingcouncil.com/asset-ratings|name=CRC Securities Framework Asset Ratings|org=Crypto Ratings Council|date=CRC Securities Framework Asset Ratings|date=September 30, 2019}}</ref>
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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.<ref>{{cite web|url=https://medium.com/crypto-rating-council/crypto-rating-council-adds-new-members-and-additional-asset-scores-ccf68c645506|name=Crypto Rating Council Adds New Members and Additional Asset Scores|org=Medium|date=February 10, 2020}}</ref>  
 
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.<ref>{{cite web|url=https://medium.com/crypto-rating-council/crypto-rating-council-adds-new-members-and-additional-asset-scores-ccf68c645506|name=Crypto Rating Council Adds New Members and Additional Asset Scores|org=Medium|date=February 10, 2020}}</ref>  
  
In May 2021, he Crypto Rating Council published its rubric for determining whether a cryptocurrency is a security or not.<ref>{{cite web|url=https://www.theblockcrypto.com/linked/104515/crypto-ratings-council-publishes-rubric|name=Here's how Coinbase, Kraken and others have been deciding which cryptos are securities|org=The Block|date=May 14, 2021}}</ref><ref>{{cite web|url=https://assets.website-files.com/5d766f847039d787f8a99a02/609998f89636a3f99c8429c6_CRC%20Securities%20Law%20Framework.pdf|name=Crypto Rating Council's Securities Law Framework|org=CRC|date=May 14, 2021}}</ref>  
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In May 2021, the Crypto Rating Council published its rubric for determining whether a cryptocurrency is a security or not.<ref>{{cite web|url=https://www.theblockcrypto.com/linked/104515/crypto-ratings-council-publishes-rubric|name=Here's how Coinbase, Kraken and others have been deciding which cryptos are securities|org=The Block|date=May 14, 2021}}</ref><ref>{{cite web|url=https://assets.website-files.com/5d766f847039d787f8a99a02/609998f89636a3f99c8429c6_CRC%20Securities%20Law%20Framework.pdf|name=Crypto Rating Council's Securities Law Framework|org=CRC|date=May 14, 2021}}</ref>  
 
   
 
   
 
== References ==
 
== References ==

Revision as of 21:25, 14 May 2021

Crypto Rating Council
Crypto Rating Council logo.jpeg
Founded 2019
Products Informal guidance on which cryptocurrencies are securities
Website Crypto Rating Council
Blog CRC blog

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]

In May 2021, the Crypto Rating Council published its rubric for determining whether a cryptocurrency is a security or not.[6][7]

References