SEC sues Coinbase, continues major crackdown on cryptocurrency exchanges
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Coinbase promises to continue operating, as Congress mulls new crypto rules.
If you outlaw crypto, only outlaws will use crypto. Oh, wait.
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Coinbase promises to continue operating, as Congress mulls new crypto rules.
If you outlaw crypto, only outlaws will use crypto. Oh, wait.
Quote:
Protections denied to Coinbase investors include "inspection by the SEC, recordkeeping requirements, and safeguards against conflicts of interest, among others," the press release said. SEC Chair Gary Gensler specified that "Coinbase’s alleged failures deprive investors of critical protections, including rulebooks that prevent fraud and manipulation, proper disclosure, safeguards against conflicts of interest, and routine inspection by the SEC."
"It is a feature, not a bug" according to those a**hats.
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