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A comment on Coinbase Sued by SEC for Breaking US Securities Rules. Parent comment

Re:Coinbase Sued by SEC for Breaking US Securities Rules by adsfgiodsnrio on Tuesday June 06, 2023 @10:32AM (#36213412)
They have no obligation to give free legal advice. It is the job of a company to keep in compliance, not the job of the SEC to be their outside counsel. If you think this should change, write to your senator.

This is all hypothetical, since the SEC has given clear guidance for years. Coinbase ignored this guidance because they didn't like it.

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Re:Coinbase Sued by SEC for Breaking US Securities Rules by pwb25 on Tuesday June 06, 2023 @11:30AM (#36214369)
you seem very stuck up on legal words I think. ANy normal thinking human realize the one enforcing rules, must obviously also tell what rules are ok or not

How should this "outside council" learn the rules, if they can not ask the ones making or ruling with them? You are just shifting the problem down one notch

>since the SEC has given clear guidance for years

So Coinbase is lying about no guidance?

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Re:Coinbase Sued by SEC for Breaking US Securities Rules by usea on Tuesday June 06, 2023 @12:22PM (#36215151)
> ANy normal thinking human realize the one enforcing rules, must obviously also tell what rules are ok or not

I do agree that things should be this way. In some countries, it is much more clear. In the US, it is very much not like this. Nobody can list everything that is unlawful. You can only pay for opinions.

It sucks, but it's not some unique quirk or the SEC or whatever.

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Re:Coinbase Sued by SEC for Breaking US Securities Rules by pwb25 on Tuesday June 06, 2023 @02:20PM (#36216972)
> Nobody can list everything that is unlawful.

Whats the law book for then?

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