Coinbase sued by SEC, stock tumbles more than 15%

[johntiger1]

https://finance.yahoo.com/news/coinbase-sued-by-sec-stock-tumbles-nearly-15-170645277.html

[boatsie]

It’s unlikely the SEC wants to totally nuke Coinbase, given they allowed them to list on the stock exchange. Or else Investors would sue the SEC for securities fraud… probably have to put in some strong disclaimers about some of these shitcoins and pay a small fine.

[unmole → boatsie]

> Or else Investors would sue the SEC for securities fraud

I am not able rightly to apprehend the kind of confusion of ideas that could provoke such a conjecture.

With apologies to Mr. Babbage.

[vba616 → boatsie]

>It’s unlikely the SEC wants to totally nuke Coinbase, given they allowed them to list on the stock exchange

What kind of intuition leads you to this conclusion?

You think that a publicly listed company is endorsed by the government as not breaking federal law?

Or just as not breaking securities laws in particular?

It's not the same thing, but looking at cannabis companies might be useful to compare and contrast.