Coinbase Sued for Allegedly

>Coinbase Sued for Allegedly
Selling 79 Unregistered Crypto
Securities – Including XRP,
Dogecoin, Shiba Inu, LINK

What are the ramifications of this?

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Other urls found in this thread:

classaction.org/media/underwood-et-al-v-coinbase-global-inc-et-al.pdf
twitter.com/NSFWRedditGif

>What are the ramifications of this?
being that it's a gay twitter larp, there are none

Well, they are illegal securities so now comes the law.

A few nobody’s got together to take Coinbase on. It will go nowhere.

SEC cant win from XRP/ripple now they go after coinbase and the whole crypto market


now every single coin has to win like ripple had won

Is this a precedent case to force the courts to decide if XRP is a security or not?
This will go nowhere.

But OPs picture isnt a twitter screencap?

newfag

Arent like 99% of cryptos securities technically????

classaction.org/media/underwood-et-al-v-coinbase-global-inc-et-al.pdf
Link to lawsuit

>now every single coin has to win like ripple had won
Every private equity firm larping as crypto. PoW projects without pre mining don't have this problem.

Should have listed Monero but they rather listed illegal stuff.

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>class action
Embarrassing

Gonna be really honest i dont understand why any of this shit matters. Why cant people invest THEIR money how THEY want to? Who cares if something is a security or not?

no

>class action

what they say about chainlink is true, but I don’t care. Link token never had any utility for 99.9% of the buyers. Everyone looks forward what CL labs and Sergey will say and expecting price increase based on their actions. There is no communication or any communication besides some blog posts. Nobody knows what is going on besides CL labs. They say smart contract usage will increase 10x, generating a sense of price increase of the no-utility link tokens besides CL labs dumping for their full time employees. … and most importantly, Rodriquez lost money by buying high and selling low.

>but I don’t care
Why did you feel the need to write all of that then?

"Sneed"

>CHRISTOPHER UNDERWOOD, LOUIS
OBERLANDER, and HENRY RODRIGUEZ
on behalf of themselves and all others
similarly situated,
lol this means nothing and will get thrown out

stated reason: protecting plebs from being taken advantage of in cases of severe information asymmetry (i.e., nanny state)

real reason: protecting entrenched wealth at the expense of the unwashed masses

I deleted my CB account long time ago. What a fall from the grace. CB used to be quality exchange and now it's full of shitcoins and scams just like Binance.

>OBERLANDER, and HENRY RODRIGUEZ
what do these two know?

the state decides whether the devs are scammers or not
if they are scammers, they get to take away the scammed funds via a fine

Seems a little anti Semitic user