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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 jeltz on Tuesday June 13, 2023 @02:50AM (#36306483)
Here in the real world that is the software company's problem. Countries do not change their laws just to make some random accounting software company happy, unless they bribe some politicians first.

Accounting software have tons of local adaptations.

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Re:“But the SEC let us go public” and other flawed arguments... by everfree on Tuesday June 13, 2023 @03:18AM (#36306722)
>Countries do not change their laws just to make some random accounting software company happy

Countries change laws to give their citizens access to important products. It's not about the company.

The USA didn't decide to rewrite existing telephony laws for VOIP in the 90s because they wanted to give Skype a handout, they did it because they understood the potential benefits of internet telephony for the populous.

> Accounting software have tons of local adaptations.

You can't locally adapt a ledger that is globally shared across all the other countries. Either you allow the ledger in your country or you don't.

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Re:“But the SEC let us go public” and other flawed arguments... by Eisenstein on Tuesday June 13, 2023 @04:45AM (#36307417)
> Countries change laws to give their citizens access to important products. It's not about the company.

And Congress was lobbied to do that and they declined. Is your argument that 'they should have done it' means 'the SEC isn't allowed to enforce existing regulations'?

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