3min chapter

Crypto Critics' Corner cover image

SEC sues Justin Sun, Coinbase, Celebrities; also Do Kwon arrested (recorded on March 23rd)

Crypto Critics' Corner

CHAPTER

Coinbase's Wells Notice

Coinbase apparently got a wells notice from the SEC that they say told them that there were issues with their prime brokerage, some of the tokens they were trading. One of the products named in this wells notice is apparently their Coinbase earned product, which they're trying to say is just a staking product. But it's not several of the coins in the Wallet earned product aren't staked, but lent out on compound. For what it's worth, I want to point this out. It sounds like Brian Armstrong and Paul Greewall and team are going to be fighting it.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

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

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