News for hackers. Stuff that matters.

A comment on The SEC has told us it wants to sue us over Lend. We don’t know why. Parent comment

Re:The SEC has told us it wants to sue us over Lend. We don’... by SpicyLemonZest on Wednesday September 08, 2021 @11:10AM (#28458234)
Coinbase is worth $50 billion. I like Brian Armstrong more than I like the typical finance CEO, but his company is definitely an entrenched rich interest, and if we treat them as a scrappy underdog we're going to let them get away with things they probably shouldn't. You should be skeptical on principle when a billionaire tells you that a financial regulator is being unfair to them.
[ Parent | on HN ]
Re:The SEC has told us it wants to sue us over Lend. We don’... by itsme24543 on Wednesday September 08, 2021 @11:43PM (#28465951)
in fact they make a lot of money from institutional investors https://www.theblockcrypto.com/post/116855/inside-coinbases-..., so def not an underdog.
[ Parent | on HN ]