#Coinbase Wants to Convince #SEC That Staked Tokens Are Not Securities

#Coinbase Tries AI Assistant Chatgpt for Pre-Listing Risk Assessment of #Tokens

#Crypto exchange #Coinbase has tested Openai’s Chatgpt as a token verification tool comparing it with its standard security procedure. 

#Chatgpt Approves 5 High-Risk #Tokens, #Coinbase May Use It for Secondary Control

Digital asset exchange #Coinbase has tried the artificial intelligence (AI) #chatbot developed by Openai to conduct automated #token reviews. 

The experiment is part of #Coinbase’s efforts to apply efficient and effective methods to review #token contracts before deciding to list the assets. 

#Chatgpt has shown promise to be beneficial at improving productivity across a wide range of development and engineering tasks,” #Coinbase elaborated. Furthermore, the AI tool can be used to optimize code and identify vulnerabilities.

Despite this “worst case failure” and the tool’s tendency to be inconsistent in its answers, when asked the same question multiple times, #Coinbase says that the efficiency of the #Chatgpt review has been remarkable.

Currently, the #bot cannot be solely relied upon to perform a security review, #Coinbase concluded.

A few hours later, the former #Coinbase executive #accepted the bet.

Meanwhile, #Coinbase Chief Legal Officer Paul Grewal criticized the lack of #agreement between the two U.S. regulators, stating:

#Coinbase Looks At Separate, Overseas #Crypto Trading Platform via /r/Crypto_Currency_News

Among the most notable #developments recently has been the Wells notice that #Coinbase was served with where the SEC threatened legal action and a lawsuit against Binance and its CEO Changpeng Zhao by the Commodity Futures Trading Commission (CFTC).

#Coinbase Wants to Convince #SEC That Staked Tokens Are Not Securities