Coinbase and The SEC

the saga continues. About a one minute read.

Comment: yes, this is all inconsistent but it seem Coinbase — and perhaps the entire Crypto Industry — haven’t read the room properly. SEC dances to the tune Big Banks play. This is because Big Banks lobby and outspend The Crypto Industry on lobbying and have far, far more influence. And The Big Banks want The Crypto Industry for themselves. I still buy bitcoin every Friday so I’m keeping the faith.