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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 vba616 on Tuesday June 13, 2023 @12:19AM (#36305249)
It suggests bad faith to ask why the SEC didn't crack down earlier. Sure, it was politics, but it seems entirely understandable.

We all know that before the crypto bust, a lot of people would've been starting a witch hunt if the SEC had tried to enforce the law. Congress, for starters.

Gensler is being opportunistic now because that's the reality they have to work with.

The wealthy and powerful in this country take it on themselves to personally ruin public servants who get in their way sometimes.

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Re:“But the SEC let us go public” and other flawed arguments... by paulddraper on Tuesday June 13, 2023 @01:51AM (#36306030)
Huh???

The SEC decides when, what, and for whom it enforces rules?

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Re:“But the SEC let us go public” and other flawed arguments... by ceejayoz on Tuesday June 13, 2023 @06:20AM (#36308044)
This is extremely common practice in our system. https://en.wikipedia.org/wiki/Prosecutorial_discretion
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Re:“But the SEC let us go public” and other flawed arguments... by paulddraper on Tuesday June 13, 2023 @12:29PM (#36312677)
Kinda violates "justice is blind" trope, no?
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Re:“But the SEC let us go public” and other flawed arguments... by ceejayoz on Tuesday June 13, 2023 @01:02PM (#36313235)
Meh, "justice is stupidly aggressive" isn't an improvement.
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Re:“But the SEC let us go public” and other flawed arguments... by vba616 on Wednesday June 14, 2023 @06:17PM (#36333560)
No, it's impossible to prosecute every violation of law, and this has been true since the beginning of time.

Would you agree that each library can't have every book ever written, and do you think there is a distinction between not selecting a book and "banning" it?

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Re:“But the SEC let us go public” and other flawed arguments... by vba616 on Wednesday June 14, 2023 @06:39PM (#36333819)
"In our system"?

As if there is a system that catches, charges, prosecutes and/or convicts everyone who breaks the law.

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Re:“But the SEC let us go public” and other flawed arguments... by vba616 on Wednesday June 14, 2023 @06:04PM (#36333415)
Every organization has limited resources.

A library can't have every book in the world. This doesn't mean that not selecting a book is exactly the same as "banning" it. It does mean the issue is nuanced.

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Re:“But the SEC let us go public” and other flawed arguments... by ETH_start on Tuesday June 13, 2023 @04:29AM (#36307288)
>>The wealthy and powerful in this country take it on themselves to personally ruin public servants who get in their way sometimes.

Oh poor former banker worth $100 million, getting push back when he robs people's right to invest their money how they wang.

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