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75 sats \ 3 replies \ @cryotosensei 21 May \ on: My Not Fully Thought Out Speculation bitcoin
My uninformed opinion is that because the Bitcoin ETFs had to use Coinbase to custody Bitcoin, the SEC and other government agencies want to prevent Coinbase from gaining too much power as a result. Which explains why SEC is suing Coinbase.
You must be worried sick. Take it easy. Do what you can. Network with others.
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96 sats \ 1 reply \ @StillStackinAfterAllTheseYears 21 May
"We don't want Coinbase to have too much power" -- the slim overlapping Venn diagram of the SEC and SN.
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21 sats \ 0 replies \ @siggy47 OP 21 May
😀
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10 sats \ 0 replies \ @siggy47 OP 21 May
I don't know. The government sues their most connected, Cantillon trough chugging banks all the time. Paying fines is the cost of doing business.
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