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Next Shoe in Op Chokepoint: Coinbase (Patreon)

Published:
2023-06-06 13:47:37
Imported:
2023-06

Content

Coinbase has been a leader in trying to comply with SEC regulations since its inception. The company has repeatedly sought guidance from the SEC, but has received little to no response. The lawsuit filed against Coinbase is a distraction from the company's core mission of providing secure and compliant access to cryptocurrency to the public.

The SEC's case against Coinbase is based on the fact that the company offers trading in certain digital assets that the SEC has deemed to be securities. However, Coinbase has argued that these digital assets are not securities, and that the SEC's definition of "security" is too broad. The case is still ongoing, and it is unclear how it will be resolved.

In the meantime, Coinbase continues to operate in a compliant manner. The company has removed trading in the digital assets that the SEC has deemed to be securities, and it has implemented a number of other measures to ensure compliance with SEC regulations.

The SEC's lawsuit against Coinbase is a setback for the company, but it is not a fatal blow. Coinbase is a strong company with a strong track record of compliance. The company is confident that it will be able to overcome this challenge and continue to provide its customers with secure and compliant access to cryptocurrency.

I may sell a put if we get to $44 - we are about $2 away.


ETH is actually up

BTC more of less flat from yesterday

SOL down 30 cents. 

My Shopping list still active 

NET NET - I am not afraid. 

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Comments

Anonymous

Sol was at $0.21, what do you mean it's down 30?

Anonymous

Any point buying COIN for longer term hodl?

Anonymous

Lots of buying opportunities on the horizon

Anonymous

Thank you.

Anonymous

Wish I had money not borrowed so much

Anonymous

And I wonder what the real plan is. They say the SEC would rather the big banks take custody of bitcoin. And of course thus is all part if their road map for rolling out a CBDC

Anonymous

Me neither.

Anonymous

Please can someone help me… I’ve sent matic coins from binance to swissborg app using the wrong protocol. Polygon instead of erc20. It’s shown as processed but the funds never arrived. How can I retrieve it and get it back ?

Anonymous
>>110134507

Exactly, empower the richest and s.... the small investor who works hard to earn a bit extra

Anonymous

Coinbase needs to revamp their website so it’s more intuitive. Trying to navigate it gives me anxiety. And lower their fees. If I were king of the forest….

Anonymous

Meanwhile SBF is chilling somewhere playing video games while SEC attacks all other exchanges

Anonymous

The timing is auspicious considering the roll out of the “FedNow” payment system, which will most probably end in a CBDC in the US. The legal condemnation of Crypto exchanges is part of plan to scare the public away from crypto. Operation Choke Point was started to control the Pay Day Cheque Cashers/money lenders and Online Gambling before being repurposed to try to isolate crypto. We may be in for a formable fight to defend crypto in the US, while the rest of the world may not face the same sort of pressure, many countries will be pressed into side lining crypto during the CBDC introduction periods. I hope that the majority of people will decline to participate, however, this is the future that our governments will try to force on us.