Coinbase-Backed Crypto Rating Council Lists IOTA, BAT, and USDC
Three new tokens are analyzed In an April 2 blog post, the CRC published an introduction to ratings for three new cryptocurrencies including Basic Attention Token (BAT), USDCoin (USDC), and Iota (IOTA). As previously reported, CRC’s asset ratings tool ranks digital assets on a scale of 1 to 5, where the highest score means that a certain token is likely considered a security that cannot be issued, sold, or traded by unregulated firms.
In a subsequent blog post, IOTA outlined that the rating will help the project gain more credibility in the U.S. market, stating: “With our Crypto Ratings Council rating, we believe the US market and CRC’s partner organizations will feel more comfortable and confident engaging with the IOTA token and protocol.” Crypto Rating Council is unlikely to change the opinion of regulatory groups Established in September 2019, the CRC is a collaboration of major crypto firms including popular U.S. crypto exchange and wallet service Coinbase, Kraken, Bittrex, and others.
