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The complaint https://storage.courtlistener.com/recap/gov.uscourts.nysd.59...

1 day ago, SEC sued Binance: https://news.ycombinator.com/item?id=36197353 (575 points, 423 comments)

The Binance complaint: https://www.sec.gov/files/litigation/complaints/2023/comp-pr...

Which contained the legendary line:

> 111. As Binance’s CCO bluntly admitted to another Binance compliance officer in December 2018, “we are operating as a fking unlicensed securities exchange in the USA bro.”

From a cursory review, the Coinbase complaint doesn't include the Coinbase "Compliance Officer" declaring that they are running a "fking unlicensed securities exchange in the USA bro", so they are already off on stronger footing than Binance.

I'm not sure. Coinbase is an American company, so the executives won't need to be extradited. There's a chance they'll actually do some prison time.

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