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There is a well-documented public history of Coinbase taunting the SEC - they had it coming. - https://www.coinbase.com/blog/the-sec-has-told-us-it-wants-to-su
by menthe 3y ago
There is a well-documented public history of Coinbase taunting the SEC - they had it coming.
- https://www.coinbase.com/blog/the-sec-has-told-us-it-wants-to-sue-us-over-lend-we-have-no-idea-why https://www.coinbase.com/blog/the-sec-has-told-us-it-wants-t...
- https://www.coinbase.com/blog/coinbase-does-not-list-securities-end-of-story https://www.coinbase.com/blog/coinbase-does-not-list-securit...
- https://www.coinbase.com/blog/coinbases-staking-services-are-not-securities-and-heres-why https://www.coinbase.com/blog/coinbases-staking-services-are...
- https://www.coinbase.com/blog/we-asked-the-sec-for-reasonable-crypto-rules-for-americans-we-got-legal https://www.coinbase.com/blog/we-asked-the-sec-for-reasonabl...
- https://www.coinbase.com/blog/coinbase-takes-another-formal-step-to-seek-regulatory-clarity-from-sec-for https://www.coinbase.com/blog/coinbase-takes-another-formal-...
- https://www.coinbase.com/blog/coinbase-responds-to-the-secs-wells-notice https://www.coinbase.com/blog/coinbase-responds-to-the-secs-...
Better yet: https://www.coinbase.com/blog/icymi-coinbase-and-the-sec https://www.coinbase.com/blog/icymi-coinbase-and-the-sec
- butlerm 3y agoNone of those posts except the last looks like taunting the SEC to me, but rather keeping the public and their customer base in particular up to date on a live regulatory issue that may present a risk to their business. That is the type of thing the SEC requires (at least of publicly traded companies) not discourages.
- chroma 3y agoIf criticizing a regulatory body causes them to go after you, then that regulatory body is corrupt and should be dismantled and replaced with something else.
- deleted 3y ago[deleted]
- dymk 3y agoTaunt and criticize are two different verbs
- jjk166 3y agoAnd criticize is the correct one in this instance.
- jdminhbg 3y agoDon't think "taunt" is the correct verb here, but it doesn't even matter. Taunting government officials is protected speech in the US.
- foodjinn 3y agoAnd neither is justifiable cause for regulatory action. I don't think this is the reason the SEC is going after Coinbase, but frankly I don't believe the SEC is doing any of this on the behalf of "protecting investors".
- deleted 3y ago[deleted]
- jcranmer 3y agoAnd given the number of cryptocurrency exchanges the SEC has been suing in the past several days, it is rather unlikely that the SEC is targeting Coinbase because of Coinbase's criticisms: had Coinbase said nothing, the SEC would still be suing Coinbase.
- nancyhn 3y agoOr that's a well-documented public history of the SEC taunting Coinbase.
- pawelduda 3y agoThe old good non-compliant taunting
- ren_engineer 3y agoof course, how dare private citizens not kiss the feet of unelected government officials. I love when government institutions take retribution for being "taunted"