The SEC Dropped a Wells Notice to Coinbase

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The SEC served a Wells Notice to Coinbase six weeks ago that's when we last talked today's the day that that Wells Notice finally came into a friction for a suit. Is there anything new here? Like this is, you guys were prepared for this all along. No I don't think there was much in the substance of the complaint that was a surprise at all. You know the SEC did charge cryptocurrency with a number of violations of federal securities laws.

The SEC is showing all of its cards. Gary Gensler doesn't want the crypto industry to exist at all. After yesterday's Binance suit, the SEC is going after Coinbase too.

We brought on Coinbases's Legal Officer, Paul Grewal to hear how Coinbase plans to fight, how you, Bankless listener, can join the fight, and what's next for the crypto industry. Should we be optimistic?

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------ Timestamps:

0:00 Intro 3:09 Coinbase Sued 4:42 Timing 6:50 What Does the SEC Want? 9:08 Gary's Confidence 10:38 SEC's Token/Security Choices 12:34 Will Coinbase Delist Tokens? 14:35 Freezing Coinbase Assets? 15:26 Next Steps 17:05 Future Court Case 18:20 What to be Optimistic About? 19:52 How to Join the Fight 21:02 Closing & Disclaimers 21:45 Coinbase Video https://twitter.com/coinbase/status/1666135834062467083?s=20

------ Resources:

Coinbase Sued https://twitter.com/BanklessHQ/status/1666061613357584384?s=20

Crypto435 https://www.coinbase.com/public-policy/advocacy/crypto435

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

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