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Last time the SEC did this: “I was told by the banks that if I did not agree to settle with the SEC, that they would, the banks would, cease providing working
by reedofearth 3y ago
Last time the SEC did this:
“I was told by the banks that if I did not agree to settle with the SEC, that they would, the banks would, cease providing working capital and Tesla would go bankrupt immediately” Elon Musk @ TED in Vancouver
Also from TuongVy Le(@TuongvyLe12), former Chief Counsel at SEC:
"Let’s be clear: the @SECGov complaint doesn’t mention this, but there is currently NO way for a platform like @coinbase to register as a securities exchange, broker, or clearing agent. That’s why they’ve been begging
@SECGov for YEARS to give them a path to compliance.
Instead of working constructively with U.S. market participants to come up with a working model, and knowing that Congress is actively considering legislation to do the same, SEC sues. No allegations of fraud, just accusing @coinbase of failing to do the impossible."
- elkos 3y agoWould trading only Bitcoin and Ethereum which last time i checked aren't securities be a probable way out of this mess for Coinbase?
- wmf 3y agoYeah, but then they'd go out of business due to lack of revenue.
- polygamous_bat 3y agoThankfully, it's not SEC's job to ensure your business model of regulatory arbitrage is a viable one.
- jjulius 3y ago... okay?
- Tesl 3y agoEven better