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Coinbase’s Existential Crisis: SEC Refuses to Give Them Permission to Not Get Shut Down Yet

Crypto NewsDeFiEthereum 2 Kevin Nelson August 15, 2024

An illustration: A large hand holding a hammer is shown above Coinbase's logo on the ground with broken pieces of rules around them; below this scene there’s another giant hand waving away at some distant clouds representing new regulations. The background has an old-fashioned keyhole and a modern-looking lock side by side, symbolizing outdated laws versus emerging technologies. In front of it all is a blurred image of people running in different directions with confused expressions on their faces.

The world is still waiting with bated breath as Coinbase continues to beg the SEC for rules that don’t exist yet because they’re too scared of being shut down due to their lack of regulatory compliance. Meanwhile, we have Jemima Kelly writing about how crypto bros are losing it and I’m over here just shaking my head at these guys who still think this is a thing

Source: bitcoin.com

SEC Rejects Coinbase’s Call for New Crypto Regulations
https://news.bitcoin.com/sec-rejects-coinbases-call-for-new-crypto-regulations
In a recent legal filing, the U.S. Securities and Exchange Commission (SEC) pushed back against Coinbase’s demands for a completely revamped regulatory framework for cryptocurrencies. The agency argued that existing rules are adequate and that it’s not required to create new regulations from scratch as Coinbase suggests. The SEC’s court filing on May 10, 2024, emphasized that the regulatory body retains the discretion to set its own priorities and that […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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