 | Coinbase makes their stance very clear in their Twitter background photo. Coinbase seems like they are coming for everyone who opposes their push to open up crypto markets and innovate in the sector. They made it very clear that they would fight the SEC all the way in the SEC's unilateral declaration of staking as a service on exchange being declared securities. They are also heavily pushing back on whatever tokens they have listed that the SEC has also deemed securites. securities as they have repeatedly stated they "do not list securities". Of course, with the SEC taking a big loss in the XRP case, they are significantly more confident and have also immediately said they are relisting XRP. On top of this, the BlockChain Association who have backed Coinbase in many of their oppositional activities to the SEC have filed for an investigation into Prometheum, who are the only SEC-approved crypto securities firm, but has ties to the SEC and a shady history and weird approval timeline and justification. Coinbase CEO supported this motion, Coinbase has also been having indirect back-and-forths with Prometheum with opposing opinions on regulations and their juxtaposed regulatory statuses. Of course, the presence of Prometheum is a significant annoyance to Coinbase as they rise to approval and even current status is very questionable while Coinbase said they had been taking every avenue to be approved with no success. To tie it all up, they put out statistics on how much work they put into complying with regulations which seem to count for nothing: https://twitter.com/i/status/1666135834062467083 Coinbase is also airing out and seems to be investigating the claims around many customers having their bank accounts closed by Bank of America over simply doing crypto transactions with Coinbase. Presuming accurate numbers, 9% of 16,000 votes is extremely high especially just for a single bank. In addition to the results, a bunch of people said that their accounts weren't closed but were suspended and transactions blocked or made much more difficult. Further, it is also airing out other banks as well as people comment and tweeting of other banks that closed accounts/prevented crypto-related transactions. Notably, Stacks co-creator Muneeb Ali tweeted on Wednesday that his personal Bank of America bank account was closed without any reason given and said “This is war on bitcoin and crypto,” and “We won’t stay silent.” [link] [comments] |
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