In case you haven't heard America's biggest crypto exchange is under attack by the SEC. CB has been served a wells notice by the SEC which basically means they intend to sue CB. In this wells notice the SEC indicated to Coinbase in the Wells notice in March that its spot trading, staking, custody and institutional trading businesses were at risk. The SEC's warning to Coinbase noted that the regulator would allege Coinbase was offering and selling unregistered securities, in violation of federal law.
In their video and written response Coinbase alleges it is the same company that we the SEC allowed to become public two years ago, and that after detailed discussions about the very aspects of the business that are now the subject of the Wells notice. Coinbase claims they did not list securities then, and still donβt. They say they would like to, but the SEC has still not complied with the law by providing companies like Coinbase with a way to register to be able to do that. Last Coinbase says they do not relish litigation against the SEC, but will vigorously defend themselves and stand up for the rule of law for everyone. That means us.
So my question here is where is this sub in all this? Where is our show of support for Coinbase, crypto and defi. Besides shit posting daily to earn and farm moons what is our goal and objective here. If the SEC wins we could find ourselves in a crypto pickle. We need Coinbase to survive and win. Personally I have minted the stand with crypto shield NFT. Wrote to my state representative and signed up for the join #crypto456. I'm just not sure what else to do or how else to support. It would be great if this sub became more active and hopefully a leading advocate for fair and clear regulation of crypto and supporting those under vicious attack by SEC regulators.
Any ideas or suggestions would be helpful. This sub has millions of users so I am confident that if we came up with a plan we could make a big impact to help our cause. Would love to hear some opinions and ideas.
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