Crypto Rating Council

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Crypto Rating Council
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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]

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