The war is on

[NotATether]

And with this, Coinbase has threaten to leave the US if there's no clear regulatory framework, as per Brian Armstrong.

They also got a Bermuda license,

United States-based cryptocurrency exchange Coinbase has received a license to operate in Bermuda and is reportedly set to launch a derivatives exchange based there as soon as next week.

https://cointelegraph.com/news/coinbase-gets-bermuda-license-reportedly-plans-launch-of-offshore-exchange

So this might be the first sign that indeed in the future, if the US still put the hammer ban on exchanges not just Coinbase, they might be force to leave the US and look for more crypto friendly countries like Bermuda and operate without the government hounding them every time.

So much for their "assembled avengers".

It's bad news, because it means now Coinbase can do all the shady stuff it likes e.g. FTX, Bitfinex, BitMEX, and it dampens the narrative of a "safe crypto exchange".

[yhiaali3]

So much for their "assembled avengers".

It's bad news, because it means now Coinbase can do all the shady stuff it likes e.g. FTX, Bitfinex, BitMEX, and it dampens the narrative of a "safe crypto exchange".

Yes, it is possible, but do you think that Coinbase staying in the US can protect users? Unfortunately, the laws in the United States, as much as they protect users, but they also restrict them through their strict laws in the same way that they restrict exchanges.

So personally, I think it's better for the crypto community to get these services out of the US.