This is such a farce of an article.
"Coinbase has taken an increasingly defiant stance, publicly criticizing the SEC and urging regulators to write new rules for crypto rather than enforce existing ones."
No, they're asking the SEC to provide evidence and the SEC has been ignoring them and trying to have everything be a security.
"The firm has accused the SEC of stifling innovation and has spent millions of dollars lobbying Congress in hopes of bypassing regulators through new legislation."
Again no, they're not trying to bypass regulators whatsoever. Coinbase has posted again and again and again that they want to be properly regulated including by the SEC, but the SEC refuses to work with them.
It's extremely frustrating because people who know what's actually been going on can clearly see the bs, but most people who read this article (including a ton of the anti crypto crowd on HN) will just latch onto this as if it is truth.
"Coinbase has taken an increasingly defiant stance, publicly criticizing the SEC and urging regulators to write new rules for crypto rather than enforce existing ones."
No, they're asking the SEC to provide evidence and the SEC has been ignoring them and trying to have everything be a security.
"The firm has accused the SEC of stifling innovation and has spent millions of dollars lobbying Congress in hopes of bypassing regulators through new legislation."
Again no, they're not trying to bypass regulators whatsoever. Coinbase has posted again and again and again that they want to be properly regulated including by the SEC, but the SEC refuses to work with them.
It's extremely frustrating because people who know what's actually been going on can clearly see the bs, but most people who read this article (including a ton of the anti crypto crowd on HN) will just latch onto this as if it is truth.