0 sats \ 1 reply \ @Takwin 9 Jun 2023 \ on: The Five Best Things About the SEC Cases Against Binance And Coinbase bitcoin
If we take down Coinbase, it’s almost the end for crypto in America, and that includes Bitcoin. We need on-ramps, and Coinbase is BY FAR the best and safest for any normie. And we desperately need normies for the next bull. And I will always root against Gensler and the SEC. Binance might be criminal to some degree like FTX, but absolutely Coinbase is safe until American idiots try to destroy our on-ramps.
I agree that it's not fair to say Coinbase is as bad as Binance. Still, it engaged and supported pump and dump schemes and wash trading , so I don't have much sympathy.
Bitcoin's price will be hurt if fiat on ramps are removed, no question. In the long run, bitcoin will be better off. I'm lazy, and don't relish having to deal with p2p buys either, but we have to take our medicine.
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