AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The SEC is Suing Coinbase & Binance | Ryan & David
Bankless
The Hidden Force Pushing Gary Gensler to Do This
3min Snip
00:00
Summary
Transcript
Episode notes
The SEC Gov complaint does not mention this but there's currently no way for a platform like Coinbase to register as a securities exchange broker or clearing agent. That's why they've been begging the SEC for years to give them a path to compliance. Instead of working constructively with US market participants to come up with a working model and knowing that Congress is actively considering legislation to do the same, the SEC sues. No allegations of fraud just accusingCoinbase of failing to do the impossible. And I think Gary Gensler is like, yeah, that's the point. It's supposed to be impossible. You don't get to exist. It is impossible by design and I want you to
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode