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Like any good finance story, this one begins with fraudā¦ But not just any fraudā¦
Because this fraud helped shed light on a HUGE conflict that could change the crypto world foreverā¦ So to begin, you need to know who Coinbase is. Theyāre Americaās largest crypto exchange.
And naturally, when a new coin gets added to their platform, itās a big deal.. the coins are now tradable by millions of new investors. Interest surgesā¦ and so does the priceā¦
But it seems this has been taken advantage of, and it could effect the entire crypto market, recession, and future crypto laws.
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Very helpful!
Can the SEC members provide information on what crypto dealings they have done in the past, or intend to do in the future, to ensure no conflicts of interest occur, and if not, why not?
The SEC is generalizing the old security laws to mean anything that gives you an expectation of profit from a 3rd party, whether it be a company or a blockchain. They've perverted the definition of a security!
Amazing video as always!
The GIF and Memes you do on your videos a bit sus and weird my g lmfao but hey do you
Max, when you running for President bro, u got my vote.#ThisIsNotOfficialVotingAdvice
The SEC is here for one thing. To insure those on top stay on top and the rest stay on the bottom.
Coinbase doesn't need to protect investors, investors need to protect investors.
Better question is the US government corrupt. They don't care about retail investors. They care about money and power. I'd prefer to just use decentralized exchanges
Biggest L from the government in a while
Didnāt know you were a wrestler
The SEC is the biggest clown š¤” there is
Tricky question towards a not-so-educated personal perspective on the matter. I feel as though cryptos with certain utility aspects to be non securities(Currency Formats). And on the topic of the "Insider trading scheme", as I listened to the talk about that mess, the Nancy Pelosi debacle comes to mind(Her in the private meetings, and the husband making great trades from such topics).
After years of power struggle between departments, the investors they claim to "protect" are getting hurt by scams and hacks and no department wants to help them until they win jurisdiction.
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I feel like crypto IS a security. It's new, there's little, to no regulation and people seem to like that. I believe if it becomes known to be a security, the price of crypto would increase exponentially. The downside is that it would halt future cryptos from being created most likely as they would have to be registered
Not again Bankera so annoying
Regulation could be a good thing. Doubt it will be fair for all tokens. If ETH isnāt a security then BNB shouldnāt either, but the SEC doesnāt like Binance.
Nancy Pelosi ???????
We all know they are securities but we want a little longer before itās officialā¦.
Hmmm…statement from minute 3:00 doesn't seem to apply to Senate members. And they want us to trust them and do what they say. Governments these days are delusional.
Good job š
Nancy Pelosi
They didn't just use a shell company incorporated in Panama like any good politician would have? I mean, hypothetically.
Boy I canāt blame these people
But they should have paid tons of people down the lines your brother and your brothers cousin burner phones and different states to make transactions or accept them etc this could have worked but never mind making a joke coin and rug pulling
āLoose lips sink shipsā
– Coinbase Dev
So in my opinion (what little that means) it all does come down to control and power. The SEC wants to eliminate the potential for crypto retail investors to have control and power over their money. They want to maintain the status quo and keep power and control for themselves.
OLD NEWS.
Over 4 weeks old now.
whats your angle pal ? some pocket money from YouTube ads ?
ex Coinbase emloyes did try it. now they will be charged.