September 30, 2019 Consortia including Coinbase to rate cryptoassets on their likelihood of being a security.

The Crypto Ratings Council will collectively rate assets on a 1-5 scale, but can make individual decisions on supporting those assets. The ratings system is based on the group’s interpretation of prior court decisions and regulatory statements, though the methodology has not been approved by the SEC and is not legally binding. The consortia includes Coinbase, Kraken, Circle, Anchorage, and Grayscale.