Actually if there was a delay alone this would not really be illegal and could be forgiven. If you look at: http://i.imgur.com/R2qEn8E.png http://i.imgur.com/R

Actually if there was a delay alone this would not really be illegal and could be forgiven. If you look at: http://i.imgur.com/R2qEn8E.png http://i.imgur.com/R2qEn8E.png They clearly quoted a transaction price for the BTC conversion. This price should be calculated as: => (rate at which the bitcoin have Already been purchased) + (costs incurred by coinbase) + (fees owed from client) The rate Can Not under any circumstance be quoted unless the transaction has already been executed. If the trade(s) were not executed, Coinbase broke laws that they are governed by regardless if bitcoin is regulated or not. If the trade(s) were executed, Coinbase still broke laws(albeit different ones) that they are governed by regardless if bitcoin is regulated or not.