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A comment on “But the SEC let us go public” and other flawed arguments in Coinbase's defense. Parent comment

Re:“But the SEC let us go public” and other flawed arguments... by civilitty on Monday June 12, 2023 @07:12PM (#36302714)
> Is a loss for Coinbase a company-ending event?

We don’t do that kind of thing in America except for the occasional Enron when extreme levels of fraud are involved and someone takes out California’s electrical grid to boost profits.

IANAL but these SEC violations don’t seem to fit the bill.

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Re:“But the SEC let us go public” and other flawed arguments... by triceratops on Monday June 12, 2023 @07:15PM (#36302749)
See: https://en.wikipedia.org/wiki/Aereo

The courts found their business model and technology fundamentally illegal.

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Re:“But the SEC let us go public” and other flawed arguments... by paulpauper on Monday June 12, 2023 @07:24PM (#36302852)
how about for-profit colleges . many were forced to shutdown due to lawsuits and major regulation under Obama
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Re:“But the SEC let us go public” and other flawed arguments... by adsfgiodsnrio on Tuesday June 13, 2023 @10:45AM (#36310970)
"OK, securities exchange, you can continue operating as long as you shut down the securities exchange."

I suppose they can keep the office cafeteria open.

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