Though Coinbase has fired the first salvo with its Blog and Twitter barrages, the SEC will undoubtedly respond with its own thunderous bombardment of devastating canon and ordinance – in the form of a hefty and far-reaching enforcement action. And just like other SEC forays into crypto-enforcement, when the gunsmoke settles, the SEC will be the only one left standing.
This article explains why Coinbase’s Lend product is obviously a security, and why Coinbase’s tired and hollowed defenses; odd and screwball tactics; and brash and antagonistic strategies, will all fail.
‘Enforcement 40’ for 2020
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