1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

[Jimmy from Linkedin]

The complaint accuses Coinbase and its leadership, including CEO Brian Armstrong, of failing to reveal that in the event of bankruptcy, customer assets could be at risk of being included in the company's estate, potentially leaving retail customers as unsecured creditors. It further alleges that before Coinbase went public in April 2021, the collapse of at least 75 cryptocurrency exchanges led to customers losing access to their digital assets, a risk that was not adequately communicated by Coinbase’s management.

Coinbase is concurrently dealing with another class-action lawsuit in New York, where it is accused of selling securities without the necessary broker-dealer registration.

I know too many people who trust exhanges like coinbase, and have so much of their money there.

Please get cold wallets if you are new to this space. Crypto exchanges aren't FDIC or CDIC approved at this time.

Get a ledger, d'cent wallet, w/e.

Protect your keys.

crypto in federal court in 2025?

getting dismissed

https://finance.yahoo.com/news/coinbase-appointed-trumps-co-campaign-163729483.html

Coinbase appointed Trump's co-campaign manager as an advisor, just after its CEO said the president's return was a 'new day' for crypto

 

[Bushmaster69]

That's common crypto knowledge. About all exchanges

Lawsuit feels pointless

Nah, If coinbase explained clearly that our crypto was collateral in event of bankruptcy they wouldn't be in this position. A team of lawyer wouldn't file if this was frivolous. This isn't being clearly explained to their customers who are mostly novices to trading and the crypto space.

Common knowledge isn't as common as you think. We are in this space, so thats a no brainer, but that isn't underatood by the layman.

Plus they are allegedly aelling securities without proper licensing.

 

[Bushmaster69]

crypto in federal court in 2025?

getting dismissed

If they get dismissed w/e. I just want the lurkers or newbies to understand why it's so important to hold their keys.

 

[Gloxina]

Anyone know anything about MONAD?

 

[Gloxina]

 

[In The Zone '98]

SEC Poised to Drop Coinbase Lawsuit, Marking Big Moment for U.S. Crypto

The company says the commission will vote on a deal negotiated by staff to abandon the enforcement case at the core of the agency's previous crypto stance.

www.coindesk.com

You either in or you watch