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So the SEC is after Coinbase…

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@pele23
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Time for decent regulation

The Securities and Exchange Commission of the United States of America is going to sue Coinbase about certain “products” the SEC considers as Securities.

Now, some people think this will be another blow for crypto, but I don’t believe that! This is a great opportunity for the crypto exchanges like Coinbase and Binance to show they are capable of offering a good service and show their solvability.

It sets the door open for decent regulation, and a good definition of crypto and their derivatives.

Maturing

It is about time for crypto to become a mature market and grow up. Because let’s be honest, the times of the wild west in the crypto sphere are behind us. The unsolvable exchanges offering 100 X leverage and basically gambling with customers money need to get shaken out!

So, this is an amazing opportunity for the crypto markets to adapt to the real world and become safe places for their customers.

I wiil be watching this with lots of interest!

Sincerely,

Pele23