Securities law professor analyzes the SEC’s crypto crackdown: Part 2
The Scoop
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The SEC Filing of the Coinbase Suit Caused More Investor Harm Than the Made-Off Ponzi Scheme
The SEC's filing of the Coinbase suit called more investor harm than the made-off Ponzi scheme. The Kraken settlement 30 million dollars so when you fail to register but there's no fraud and no damage to customers shouldn't be a 30 million dollar award that's not a securities enforcement works, it's an extortion. I calculated within the few hours after that suit was made public total market cap went down by 40 billion dollars in crypto crypto wide.
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