“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 bb88 on Tuesday June 13, 2023 @03:30AM (#36306802)

> The entire point is that nobody will say whether they're allowed to do this, so they can't even know if they're on the correct side of the law. How dumb is it that the only way to find out if you can legally do something is to do it without knowing whether you're allowed to?

Isn't that the point of hiring an attorney, or if you're Coinbase, a large team of lawyers? We don't know what Coinbase's lawyers said to them (attorney client privilege). But this could just be a legal ruse, right? Raise doubt? Even though Coinbase knew they were in a shady area and raised it in their S1 filing?

Or do you think Coinbase was really this stupid and naive?

[ Parent | on HN ]

Re:“But the SEC let us go public” and other flawed arguments... by AnthonyMouse on Tuesday June 13, 2023 @03:34AM (#36306830)

Lawyers can tell you whether an ambiguity exists, not how it will be resolved. To find that out you have to do it and then see if you get punished, which is absurd.

[ Parent | on HN ]

Re:“But the SEC let us go public” and other flawed arguments... by bb88 on Tuesday June 13, 2023 @04:17AM (#36307188)

Or avoid operating in ambiguity altogether. It's not really that hard!

[ Parent | on HN ]