USDC IS A BASKET OF SECURITIES. It’s literally cash plus treasuries. I don’t think Coinbase is acting in good faith when they say they don’t understand why they

USDC IS A BASKET OF SECURITIES. It’s literally cash plus treasuries. I don’t think Coinbase is acting in good faith when they say they don’t understand why they are getting blasted by the SEC. This is the exact same issue with the original libra coin.