Re:Coinbase Sued by SEC for Breaking US Securities Rules
by adsfgiodsnrio on Wednesday June 07, 2023 @04:34PM
(#36233147)
I'm not sure. Coinbase executives live in the USA, so they won't need to be extradited from Abu Dhabi. There's a chance they'll actually do some prison time.
The Binance complaint: https://www.sec.gov/files/litigation/complaints/2023/comp-pr...
Which contained the legendary line:
> 111. As Binance’s CCO bluntly admitted to another Binance compliance officer in December 2018, “we are operating as a fking unlicensed securities exchange in the USA bro.”
From a cursory review, the Coinbase complaint doesn't include the Coinbase "Compliance Officer" declaring that they are running a "fking unlicensed securities exchange in the USA bro", so they are already off on stronger footing than Binance.