[HN Gopher] Coinbase issued Wells notice by SEC ___________________________________________________________________ Coinbase issued Wells notice by SEC Author : Krontab Score : 48 points Date : 2023-03-22 22:04 UTC (56 minutes ago) (HTM) web link (www.reuters.com) (TXT) w3m dump (www.reuters.com) | miohtama wrote: | Here are comments from the Coinbase CEO | https://mobile.twitter.com/brian_armstrong/status/1638654192... | | Here are comments from the Coinbase legal | https://mobile.twitter.com/iampaulgrewal/status/163866003232... | | Here is some commentary on Bloomberg https://archive.ph/tXiOm | | Here are some earlier comments from Mr Gensler: "Come in and talk | to us" https://cointelegraph.com/news/sec-chair-doubles-down- | tells-... | est31 wrote: | Other thread: https://news.ycombinator.com/item?id=35267407 | paulpauper wrote: | wow..down 20% today (8% +12 AH) | | It's like as if it was not bad enough already, things just keep | getting worse. Silvergate, First Republic, Signature, and so on. | | BTC breaking $29k, which was the long-standing support, in June | 2022 was the first domino to fall. After that, things just kept | going downhill. Many firms, individuals had leveraged positions | that were dependent on $29k support holding. When it broke, all | hell broke loose. 3AC was the first to fall. Then others | followed, like FTX. | miohtama wrote: | Only that it's banks falling this time. Damn crypto, ruining | American economy. | brrrrrm wrote: | > be tied to aspects of the company's ... Coinbase Earn | | "Commodity linked securities are investment instruments or | securities that are linked to one or more commodity prices. | Unlike commodities, which provide no income to the owner, | commodity linked securities usually give some payout to | holders."[1] | | [1] | https://corporatefinanceinstitute.com/resources/commodities/... | tzm wrote: | > "We asked the SEC specifically to identify which assets on our | platforms they believe may be securities, and they declined to do | so." | | Sums up the case quite well. | [deleted] | justinzollars wrote: | The SEC should be disbanded. | vyrotek wrote: | Interesting coincidence. From yesterday: | | "Cathie Wood of ARKK sold 160,887 shares of Coinbase, COIN, | today." | | https://twitter.com/unusual_whales/status/163833492762331136... ___________________________________________________________________ (page generated 2023-03-22 23:00 UTC)