Coinbase vs. SEC: Everything You NEED To Know!
The SEC is out for blood. After suing Binance, the anti-crypto regulator sued Coinbase. The lawsuits are similar yet different. Similar in that they were both predictable, different in that Coinbase’s lawsuit has more to do with securities laws.
As bland as this sounds, it could have profound implications for the crypto industry and the crypto market, which is why I decided to summarise the SEC’s suit against Coinbase. If want the SEC’s reasoning about altcoins, check yesterday’s video.
The only thing I’ll say here is that Coinbase could have a hard time defending itself from the SEC. As the facts stand today, the SEC only needs to prove that a single crypto Coinbase offered is a security, and not just on its exchange – even the Coinbase Wallet!
This is one you cannot miss.
⛓️ 🔗 Useful Links 🔗 ⛓️
► SEC Full Coinbase Lawsuit: https://www.sec.gov/litigation/compla...
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.