I personally think it’s targeted and intentional. Everything Coinbase has been getting hated on for lately has been so blown out of proportion. Even this investigation is a joke.
Coinbase is one of the most proactive companies in terms of pushing for regulation and following the law as closely as possible. They even have had their coin listing vetting process validated by the SEC and had their IPO approved, but yet here we are. The SEC has backstabbed yet another American company.
When Ripple first got sued lots of people didn’t understand the real agenda the SEC had and cheered them on. Now people will realize that the rest of the industry has been and is even more so under threat too. This is unacceptable. There are sooo many scummy, scammy projects and “companies” out there but they are only going after the most legitimate, law abiding ones. Despicable.
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