Proposed SEC order to freeze, repatriate Binance.US assets
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Re: Proposed SEC order to freeze, repatriate Binance.US assets
#2Direct link to SEC press release:
Re: Proposed SEC order to freeze, repatriate Binance.US assets
#3Better late than never.
Re: Proposed SEC order to freeze, repatriate Binance.US assets
#4Well, there goes crypto. With this precedent, Coinbase is next. Bitcoin will probably survive, but the landscape will change radically.
Re: Proposed SEC order to freeze, repatriate Binance.US assets
#5Well, there goes crypto. With this precedent, Coinbase is next. Bitcoin will probably survive, but the landscape will change radically.
Coinbase and Binance acted/acts very differently. Binance basically throw their hands in the air saying "well, whatever, it's illegal so whatever we do is illegal, so lets just do whatever" while Coinbase been acting as they are trying to follow the law as much as they could, while still operating an exchange.
Not saying one is more illegal/legal than the other, but they certainly acted differently.
Re: Proposed SEC order to freeze, repatriate Binance.US assets
#6Well, there goes crypto. With this precedent, Coinbase is next. Bitcoin will probably survive, but the landscape will change radically.
Coinbase and Binance acted/acts very differently. Binance basically throw their hands in the air saying "well, whatever, it's illegal so whatever we do is illegal, so lets just do whatever" while Coinbase been acting as they are trying to follow the law as much as they could, while still operating an exchange. Not saying one is more illegal/legal than the other, but they certainly acted differently.
Do you have any insights into why they act like this? Is it the founders vision?
Re: Proposed SEC order to freeze, repatriate Binance.US assets
#7Well, there goes crypto. With this precedent, Coinbase is next. Bitcoin will probably survive, but the landscape will change radically.
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Re: Proposed SEC order to freeze, repatriate Binance.US assets
#8Well, there goes crypto. With this precedent, Coinbase is next. Bitcoin will probably survive, but the landscape will change radically.
Coinbase and Binance acted/acts very differently. Binance basically throw their hands in the air saying "well, whatever, it's illegal so whatever we do is illegal, so lets just do whatever" while Coinbase been acting as they are trying to follow the law as much as they could, while still operating an exchange. Not saying one is more illegal/legal than the other, but they certainly acted differently.
Yes, but Coinbase deals in lots of tokens that the SEC claims are "securities," so their business model may not survive.
Re: Proposed SEC order to freeze, repatriate Binance.US assets
#9Earlier quoted context omitted.
Coinbase and Binance acted/acts very differently. Binance basically throw their hands in the air saying "well, whatever, it's illegal so whatever we do is illegal, so lets just do whatever" while Coinbase been acting as they are trying to follow the law as much as they could, while still operating an exchange. Not saying one is more illegal/legal than the other, but they certainly acted differently.
Do you have any insights into why they act like this? Is it the founders vision?
That’s the strategy they explicitly chose. Probably because of the founder’s preference or vision. They wanted to position themselves as the legal crypto exchange which is a great differentiation in that market.
Re: Proposed SEC order to freeze, repatriate Binance.US assets
#10Well, there goes crypto. With this precedent, Coinbase is next. Bitcoin will probably survive, but the landscape will change radically.
all of this conveniently happening right before FedNow goes live in July and after the debt ceiling got suspended until 2025