And Now Coinbase

Probably don’t have to spend a whole heck of a lot of time here, but if you didn’t know already, *gasp* the SEC is going after Coinbase now, too.

The SEC claims that $COIN has operated as an unregistered broker since at least 2019. The other things Coinbase is accused of:

  • Operating as an unregistered Securities Exchange
  • Operating as an unregistered Clearing Agency

But, they were cool with Coinbase’s IPO in April 2021. 

On the same day, *gasp* Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Carolina, Vermont, Washington, and Wisconsin have likewise gone after Coinbase. 

While Coinbase has expressed a willingness to work with the SEC, it disagrees with the SEC’s position that all digital assets on its platform should be registered as securities.

In the February 13, 2023, Litepaper, we looked at Coinbase’s public posts that they’re ready, willing, and want to duke it out with the SEC, so this isn’t a big surprise. 

Learn More About...

More in   Crypto

View All

Ronaldo’s Binance Foul

A guy no one in the US knows, playing a sport none of us in the US plays, is under fire. ⚽

Soccer superstar Cristiano Ronaldo is now dribbling through a legal minefield, facing a staggering $1 billion lawsuit over his promotion of Binance’s NFTs. The suit, filed in Florida, accuses Ronaldo of leading his massive fanbase into the world of unregistered crypto securities.

Read It

Technically Speaking – November 17, 2023

This Technically Speaking article is long as we review some of the various charts we’ve looked at over the past four to six weeks. 

Included in today’s Technically Speaking are: Chainlink, Uniswap, Monero, and Ethereum.

Read It

Crypto’s Harmony With The Dollar, Not A Rivalry

$COIN‘s main man, Brian Armstrong, is stirring the financial pot with a fresh take: $BTC‘s not here to knock the USD off its perch; it’s here to help it out. 🪙

Read It