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This would all be fun and games, but I suspect the SEC will want an explanation and I'm not so sure Coinbase has a good one. I wouldn't be surprised if they are
by gtrubetskoy 9y ago
This would all be fun and games, but I suspect the SEC will want an explanation and I'm not so sure Coinbase has a good one. I wouldn't be surprised if they are shutdown tomorrow before sunrise.
- sowbug 9y agoThe USDA will want to have a word with them as well. However, neither has any regulatory authority over Coinbase.
- gtrubetskoy 9y agoThey are registered as money transmitters in just about every state, not sure what the legal implications of that are exactly, but I doubt the regulatory bodies will just let it slip. If there is any suspicion of "fraud", then you don't need SEC (or USDA, lol) - the local police department and FBI are generally good enough. https://www.coinbase.com/legal/licenses?locale=en-US https://www.coinbase.com/legal/licenses?locale=en-US
- zaphar 9y agoIt would appear that you were wrong. They seem to be just fine this morning well after sunrise.