Coinbase issued Wells notice by SEC
reuters.com
Coinbase issued Wells notice by SEC
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Re: Coinbase issued Wells notice by SEC
#2Here are comments from the Coinbase CEO https://mobile.twitter.com/brian_armstrong/status/1638654192...
Here are comments from the Coinbase legal https://mobile.twitter.com/iampaulgrewal/status/163866003232...
Here is some commentary on Bloomberg https://archive.ph/tXiOm
Here are some earlier comments from Mr Gensler: “Come in and talk to us” https://cointelegraph.com/news/sec-chair-doubles-down-tells-...
Re: Coinbase issued Wells notice by SEC
#3Here are comments from the Coinbase CEO https://mobile.twitter.com/brian_armstrong/status/1638654192... Here are comments from the Coinbase legal https://mobile.twitter.com/iampaulgrewal/status/163866003232... Here is some commentary on Bloomberg https://archive.ph/tXiOm Here are some earlier comments from Mr Gensler: “Come in and talk to us” https://cointelegraph.com/news/sec-chair-doubles-down-tells-...
Other thread: https://news.ycombinator.com/item?id=35267407
Re: Coinbase issued Wells notice by SEC
#4wow..down 20% today (8% +12 AH)
It's like as if it was not bad enough already, things just keep getting worse. Silvergate, First Republic, Signature, and so on.
BTC breaking $29k, which was the long-standing support, in June 2022 was the first domino to fall. After that, things just kept going downhill. Many firms, individuals had leveraged positions that were dependent on $29k support holding. When it broke, all hell broke loose. 3AC was the first to fall. Then others followed, like FTX.
Re: Coinbase issued Wells notice by SEC
#5> "We asked the SEC specifically to identify which assets on our platforms they believe may be securities, and they declined to do so."
Sums up the case quite well.
Re: Coinbase issued Wells notice by SEC
#6wow..down 20% today (8% +12 AH) It's like as if it was not bad enough already, things just keep getting worse. Silvergate, First Republic, Signature, and so on. BTC breaking $29k, which was the long-standing support, in June 2022 was the first domino to fall. After that, things just kept going downhill. Many firms, individuals had leveraged positions that were dependent on $29k support holding. When it broke, all hel…
Only that it’s banks falling this time. Damn crypto, ruining American economy.
Re: Coinbase issued Wells notice by SEC
#7[deleted]
Re: Coinbase issued Wells notice by SEC
#8[flagged]
Re: Coinbase issued Wells notice by SEC
#9Interesting coincidence. From yesterday:
"Cathie Wood of ARKK sold 160,887 shares of Coinbase, COIN, today."
https://twitter.com/unusual_whales/status/163833492762331136...
Re: Coinbase issued Wells notice by SEC
#10> be tied to aspects of the company's ... Coinbase Earn
"Commodity linked securities are investment instruments or securities that are linked to one or more commodity prices. Unlike commodities, which provide no income to the owner, commodity linked securities usually give some payout to holders."[1]
[1] https://corporatefinanceinstitute.com/resources/commodities/...