“But the SEC let us go public” and other flawed arguments in Coinbase's defense

Re:“But the SEC let us go public” and other flawed arguments... by cmcaleer on Monday June 12, 2023 @08:01PM (#36303195)

Here is only one such brutal squeeze: registered security brokers must maintain control of all securities [0]. In practice, this means brokers use custodians[1]. Regulators have been working on making holding crypto harder for custodians [2].

[0]: Securities Exchange Act of 1934, Rule 15c3-3

[1]: https://www.sec.gov/news/public-statement/joint-staff-statem...

[2]: https://www.risk.net/investing/7956492/crypto-custody-faces-...

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Re:“But the SEC let us go public” and other flawed arguments... by JumpCrisscross on Tuesday June 13, 2023 @06:40AM (#36308183)

I don't think a week goes by when I don't see a custodian pitching crypto custody. Out of the challenges Coinbase faces in being compliant, custody is the least among them.

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