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A comment on CFTC Orders Coinbase Inc. To Pay $6.5M Penalty. Parent comment

Re:CFTC Orders Coinbase Inc. To Pay $6.5M Penalty by peteretep on Friday March 19, 2021 @10:44PM (#26520359)
> Seems a bit unfair on coinbase

Nah, the opposite. It’s a small financial slap on the wrist, and in exchange they get to be absolved of their past sins and be declared squeaky clean. New competitors will need to be perfect from the get-go.

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Re:CFTC Orders Coinbase Inc. To Pay $6.5M Penalty by TylerE on Friday March 19, 2021 @10:46PM (#26520370)
Hardly. This only covers activity through summer of 2018.
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Re:CFTC Orders Coinbase Inc. To Pay $6.5M Penalty by peteretep on Friday March 19, 2021 @11:49PM (#26520679)
This fine does, but presumably this has come about as part of a wider audit
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Re:CFTC Orders Coinbase Inc. To Pay $6.5M Penalty by ac29 on Saturday March 20, 2021 @08:30AM (#26522731)
The point is law enforcement and regulatory agencies move really, really slowly - they generally like to take time building strong cases, even when misconduct is fairly evident. This activity dates back 3-5 years, and is only being publicly announced now. What's happened since then?
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