It's almost unbelievable that someone would put something so monumentally incriminating in writing, but there it is.

Those boys are doomed.

A bunch of people have speculated that this was a CYA move. I mean, if you get hired as the Compliance Officer for a company which clearly has no interest in compliance and only hired you to give a facade of respectability, you probably want to have a paper trail indicating "I clearly communicated that this was against the law, and they ignored me" for when the cops inevitably come.

Nothing says “innocent” like observing your criminality before getting right back to participating in the crime.

It could, if you're a whistleblower/informant. The SEC's bounty program makes it a pretty good idea. https://www.sec.gov/whistleblower

This was my thought as well. In all likelihood, the CCO is the person who informed to the SEC. If I were in that role, I would have.

> in the USA

Important part of the conversation that some people here seem to forget.

The title of this post is "US SEC sues Coinbase".

No one is "forgetting".

Literally a parent comment:

> Everyone under the sun knows this. It's obviously a security

Is this US ignorance or what? "It's a security in US, so it's a security for everyone under the sun"

I hear if you add "bro" to a statement it makes you immune from prosecution.