511 sats \ 7 replies \ @faithandcredit 6 Jun 2023 \ on: SEC Charges Coinbase for Operating as an Unregistered Securities Exchange bitcoin
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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50 sats \ 5 replies \ @jk_14 6 Jun 2023
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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66 sats \ 3 replies \ @m00ninite 6 Jun 2023
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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66 sats \ 2 replies \ @jk_14 6 Jun 2023
That was their fully conscious decision, then.
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0 sats \ 1 reply \ @faithandcredit 6 Jun 2023
Why have sidechains not really taken off
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3 sats \ 0 replies \ @m00ninite 6 Jun 2023
Probably cus spinning your own altcoin makes a lot more money.
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0 sats \ 0 replies \ @faithandcredit 6 Jun 2023
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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3 sats \ 0 replies \ @Undergotten 6 Jun 2023
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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