Friday, April 19, 2024

SEC targets Coinbase

By DAC000 , in Regulation , at September 10, 2021 Tags:

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.