SEC targets Coinbase

over the firm’s plans to offer interest bearing products based on the USD Stablecoin. About a one minute read.

Comment: a couple points here — first, being a public listed company in The US carries lots of obligations, and a much, much higher adherence to American Securities Law is but one of them. And second, DeFi is going to present a manifest risk for American regulators as there is not much they can do to stifle the explosive growth in this sector.

Active Twitter thread by Coinbase’s CEO and Fintech Facts below.

Brian Armstrong on Twitter

7/ Look….we’re committed to following the law. Sometimes the law is unclear. So if the SEC wants to publish guidance, we are also happy to follow that (it’s nice if you actually enforce it evenly across the industry equally btw).