BREAKDOWN: The SEC Threatens to Sue Coinbase but Coinbase Is Fighting Back

BREAKDOWN: The SEC Threatens to Sue Coinbase but Coinbase Is Fighting Back

By CoinDesk

According to the company, the SEC has threatened to sue over the not-yet-launched Coinbase Lend product.

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW briefly covers yesterday’s bitcoin price crash and why it was driven by market structure more than news. The main topic focuses on revelations from Coinbase that after months of engagement around its upcoming Lend product, the SEC is now threatening to sue. NLW examines the controversy from five dimensions:

The argument for and against lending as a securityThe SEC’s pattern of regulation by litigationHow the SEC is rewarding bad actors by punishing complianceThe concerning surveillance implications of one of the SEC’s requests Why these strong-arm tactics are doomed 


Should Coinbase take the battle to court? 

-

NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Alex Wong/Getty Images News, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

-
-
Heart UK
Mute/Un-mute