Eh. Idk mate. The SEC has tons of targets it can choose from, and often has a politically driven impetus to go after one or the other if it's a big fish or a high-leverage suit. SEC is kind of a gun at the disposal of Atty General or DOJ and such. I forget the actual chain of command but I spent a whole semester in a 5-person 'repping clients before the SEC' class. Although the letter of the law is black and white, there's a shit ton of gray, generally speaking, and even more in this situation (the nascence of crypto) in particular. And why a Wells Notice instead of something more informal?
Hey, Coinbase could be in dire need of an SEC investigation. I'm just saying that I'm not so sure that's the case. Coinbase is probably one of the ones that is really, really, trying to do everything by the book. That's my gut feel, but I'm shooting from my crypto-hip.
Originally Posted by Sting
1.3 billion live under double or triple digit inflation . Millions of them have turned to BTC as a way out. And the US instead of being the beacon of liberty on the hill, its turning them all away. We need a Statue of Crypto Liberty.
Last edited by ShaneFalco; 09-08-2021 at 04:04 AM.
SEC looking to punt to the courts. Shitty they asking for who's on the lending lists.
Good to be a pirate. Decentralized no-KYC exchanges
Solana
tell me again why crypto needs to be regulated while the fed buys securities it owns lol.
https://www.cnbc.com/2021/09/17/fed-...conflicts.html
I don't think the majority of crypto users are criminals, but I definitely think most if not all money laundering has moved to the crypto/nft space at this point. I'd think legit crypto users would at least want those people weeded out.
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