Crypto Rating Council

From MarketsWiki
Jump to navigation Jump to search


Occ-banner.png


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

The Crypto Rating Council is a group of cryptocurrency companies that seek to create standards for other companies to follow to help ensure compliance with regulatory agencies like the SEC.[1]

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.[2]

The Council created a system that rates cryptocurrencies on a scale of one to five, with one indicating that a cryptocurrency is most likely a security, and five meaning it is likely not a security.[3] Coinbase has said the ratings are conducted independently, and further noted that they are not endorsed by the SEC, CFTC, or any government agency, developer team, or another third party, and that theirs is not legal advice.[4]

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.[5]

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.[6]

In May 2021, the Crypto Rating Council published its rubric for evaluating whether a digital asset is a security or not.[7][8]

References[edit]

John Lothian News logo1.png

@JohnLothian Twitter Feed

@JoshMankiewicz: He died yesterday. This is the best thing you will read today.👇
He died yesterday. This is the best thing you will read today.👇 https://t.co/0Y9MsPoJLB— Josh Mankiewicz (@JoshMankiewicz) October 4, 2022

View Page

@business: Drinking two to three cups of coffee a day could be linked to a longer lifespan, new research suggests
Drinking two to three cups of coffee a day could be linked to a longer lifespan, new research suggests https://t.co/GCHTKlfuus— Bloomberg (@business) October 4, 2022

View Page

@business: Apple will be forced to use new chargers after EU votes for USB-C
Apple will be forced to use new chargers after EU votes for USB-C https://t.co/XVudHnbk9l— Bloomberg (@business) October 4, 2022

View Page

@JohnLothian: Commissioner Johnson to Participate in a Panel Discussion at 2022 Institute of International Finance (IIF) Annual Membership Meeting: REIMAGINE or RETROFIT? | CFTC
Commissioner Johnson to Participate in a Panel Discussion at 2022 Institute of International Finance (IIF) Annual Membership Meeting: REIMAGINE or RETROFIT? | CFTC https://t.co/A2fbngtzf3—...

View Page

@JohnLothian: Europe Turns Its Back on Russian Crude as Sanctions Draw Closer via @Yahoo
Europe Turns Its Back on Russian Crude as Sanctions Draw Closer https://t.co/g9q8DTGIjJ via @Yahoo— John Lothian (@JohnLothian) October 4, 2022

View Page

@JohnLothian: Vanguard Closes In on BlackRock ETF Crown With $45 Billion Haul via @Yahoo
Vanguard Closes In on BlackRock ETF Crown With $45 Billion Haul https://t.co/uZVbw4RVfx via @Yahoo— John Lothian (@JohnLothian) October 4, 2022

View Page

We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter.