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Regulatory Estoppel Does Not Apply to SEC v. Coinbase – John Reed Stark

But let’s be clear: The SEC’s role when “approving” Coinbase’s registration statement was merely to ensure that Coinbase made the proper disclosures in their application. To suggest that the SEC somehow endorsed or approved the various business lines of Coinbase (so Coinbase now has some sort of regulatory safe harbor for everything they do and […]