Why Coinbase’s Support for Ethereum Testnets & ERC-20 Tokens Matters

Lsat week, upon the integration of Ethereum Classic (ETC), the Coinbase team told its users and investors that the mid-term strategy of the company is to eventually support the entire ERC-20 token standard of Ethereum, including initial coin offering (ICO) tokens and independent blockchain projects.
Recently, the US Securities and Exchange Commission (SEC) officially clarified, for the first time in history, that Bitcoin and Ethereum are not securities. As a hard fork of Ethereum with the same decentralized and transparent characteristics as Ethereum, the clarification of the SEC automatically meant that ETC is also, by definition, not a security.