Re:US SEC sues Coinbase, one day after suing Binance
by itake on Tuesday June 06, 2023 @11:31AM
(#36214397)
Would the SEC be protecting investors if they allow 1 investor to get scammed to the benefit of 2+ investors?
We need systems in place where everyone can make trustworthy investments. If people can't feel safe (even if it's one person or many people), then our economy will slow down (see current crypto prices post-terra, ftx, and more).
Re:US SEC sues Coinbase, one day after suing Binance
by JumpCrisscross on Tuesday June 06, 2023 @01:32PM
(#36216265)
> what if there are more people who've made money over those who lost?
This is like arguing we shouldn’t have deposit insurance because on guy made a killing on their short.
Because the parent said "that many Americans lost money over". Plus the SEC is "protecting investors". So I'm asking, what if there are more people who've made money over those who lost? Does that mean life's good? Coinbase has been pretty transparent about their operations. Not only transparent, they've publicly mentioned several times how frustrated they are dealing with SEC, the organization that is slow to come up with various legal requirements for the cryptocurrency industry. In a way, Coinbase helps the SEC to raise their own bar.