This is not the first time Coinbase has been victimized by the SEC, not only moving the goalposts but changing the rules during the game.
Coinbase was approved when they IPO’d, and now they’re just PO’d as the legal monopoly that is the SEC decided to flex its muscles. Why the SEC did not give Coinbase a warning and require platform changes within, say, 60 days further illustrates their bad faith view of crypto.
The only upside for Coinbase is they have a shot at winning this case. It’s such an outrageous, egregious, preposterous lawsuit that Coinbase could hire Jackie Chiles and still come out with a decision.
USA: CFPB enforcement actions plummet under Chopra The Consumer Financial Protection Bureau’s enforcement actions have plummeted under the leadership of director Rohit Chopra, while employee morale at the agency is lagging compared with the Obama administration.
USA: Why JPMorgan wins I’ve written a lot about JPMorgan for over two decades, ever since Jamie Dimon took over the bank in 2004. Back then, it was notable that he made a decision to revoke a massive ten-year outsourcing contract with IBM.
John has been in communications since graduating from Creative Communications at Red River College Polytechnic in Winnipeg in 1992. He launched one of Canada's first digital-only local news sites called Winnipeg First in 2007, which led to digital editor postings with the Winnipeg Free Press and Edmonton Journal. In 2012 he joined Bankless Times as managing editor, later becoming president and CEO. He and the Bankless Media co-founders completed a sale and exit in August 2021.