more shocking news from the SEC, however, it’s not very shocking in any way shape or form. The SEC warned a coinbase that they would be investigating them. Let’s get into it.
The SEC officially warned Coinbase that it would be pursuing enforcement actions. This is also known as a Wells node. The notice was in regards to the staking and asset listing.
The interesting thing about this is that Coinbase is in fact a public company and they have publicly traded stock. Yes, that means that Coinbase had to actually register and talk to the SEC to get this approved, and now the SEC is now going after Coinbase regarding their stake and asset list.
Brian Armstrong, the CEO of Coinbase, posted a thread, and he said two years ago the SEC reviewed our business in detail and improved Coinbase Go Public, clearly explaining our asset listing process and including 57 references to staking.
Coinbase runs an arigorous asset process and has rejected more than 90 percent of requests. This makes absolutely no sense. The fact that a company can go public, have a stock, and then get hit by the SEC for bad practises or questionable practises is ridiculous.
We know that crypto is under attack in the United States, and things are not going to get better anytime soon.
However, Coinbase will continue the fight and they will actively fight against the SEC and indicate that they should have these services staking and listing different assets, and again, Coinbase doesn’t list everything.
They’re very picky as to what they actually like, and of course, Coinbase’s stock is currently down about 10 percent, which makes a hundred percent sense because people are fearful, and doesn’t that seem like market manipulation to you guys anyway? Comment your thoughts below. I would love to hear what you think: should the SEC go after Coinbase, or should it be a lab? Thank you for Reading.
