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One small step backwards for bitcoin, one giant crash for shitcoins.
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That's a step forward for Bitcoin 😁
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66 sats \ 1 reply \ @jk_14 6 Jun
rotfl, sats incoming... :)
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Thanks!
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Bitcoin Dominance went up today. Looking forward to the be above 50 soon.
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It's been a fun stat sometimes, but it means nothing. If anything it overstates the importance of so many illiquid ahem unregistered securities.
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It is so political and boring. I mean its subtle but its political and its boring and it sucks.
Coinbase has made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities.
So if they only made millions it would be ok? The only reason coinbase has made billions is because you didnt act until now
"You simply can’t ignore the rules because you don’t like them or because you’d prefer different ones: the consequences for the investing public are far too great,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement.
Coinbase has been BEGGING for clarifiation for years. But SEC refuses to give any guidelines what so ever for staking and what not. But this SEC goon try to make it seem as if thats not the case. I mean as much as i dislike altcoins and what not, the dishonest and frankly corrupt political bureaucracy is way worse
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Everybody running exchanges like Coinbase - had from the beginning the knowledge, that listing coins with premine is more risky than listing coins without premine. But greed was bigger than fear, it seems...
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Just the cost of doing business. Whatever punishment (if any) coming their way is dwarfed by the insane profit over the last several years
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coinbase
That was their fully conscious decision, then.
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Why have sidechains not really taken off
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Probably cus spinning your own altcoin makes a lot more money.
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But what are they supposed to do. One exchange does it, SEC says nothing, and since its popular among traders other exchanges have to follow suit or lose users
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Gurbir S. Grewal sounds like the name of an evil troll in a children's story. Like he's gonna come out from under a bridge and eat your goat.
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I'm not good with memes. Can anyone make a nice one depicting Gary and Vitalik making out? Or at least showing each other their love?
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Gotta love the Curb Your Enthusiasm music!
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Sounds like a decent art generator could come up with something unless it doesent do actual persons for ethical reasons and what not
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Does that mean they have to make some shitcoins into securities? Also retrospective to 2019?
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I still don't get it how people would park 'money' on a start-up platform like Binance or BlockFi for hunting some bps of interest. There's literally zero economical education in the overwhelming majority of households to make this possible. Get them poor girls and guys to SN... put them under the cold shower of DarthCoin...
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How much can we expect bitcoin to go? $20000? @mudbloodvonfrei
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What does this have to do with Bitcoin? If anything, wouldn't it be good for Bitcoin?
The shitcoin industry has been the number one reason for why Bitcoin adoption isn't happening more rapidly. Let them burn.
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Shitcoiners about to be poor and will need to spend their bitcoin
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lol, true. But if they were shitcoiners, then they probly don't have much real money (Bitcoin)
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Two types of shitcoiners: sociopath & just stupid
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Right, and both are poor.
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Hopefully
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Bitcoin is not the only green-lighted by the SEC, almost sure the SEC is not allowed to touch Ethereum.
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An emboldened SEC can come after bitcoin just the same, on made up bs. They gave cb the green light and reversed course. You could see them start calling btc a security even though they recognize it as a commodity today.
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No idea. I will say this, I have very mixed feelings about the price of bitcoin going down. It's cheaper to buy, so I'm happy, but it's also kind of like rooting against your kid's softball team so that's a bit awkward. It also makes it really hard to orange pill people because they're like "didn't the price just crash?" People only want to buy when the price is up.
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Simping for any kind of regulations is totally dumb, even against CEX and tokens.
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I recommend actually downloading the complaint and seeing the references about ETH. ETH is very much included in the complaint, see the details about staking, etc.
The phrasing is like
"This includes, but is not limited to, the units of each of the crypto asset securities further described below—with trading symbols SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO—(the “Crypto Asset Securities”)"
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Bitcoin is here to stay, there is no second best!!
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They will just leave the US, and that's prolly what they want. Coinbase should switch to BTC only and become one of the last on-ramp businesses for BTC. Just my opinion.
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This is fine. SEC needs something to do and this is the hill they chose. And they think there's billions in fines to levy. BTC wins. Shitcoins die. Godspeed.
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So move it all to wallets you control? Which you should be doing anyway. Cool.
Stack sats.
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Good!
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deleted by author
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