We must fight back SEC, from Ripple to Coinbase

[posi]

I believe that the USA. won't let cryptocurrency companies to move out of their country easily and because of SEC.

I don't have any information about Coinbase wanting to leave the USA. Can you elaborate more on those rumors?
The Security and Exchange Commission must fight all the centralized crypto scams and punish any shady and sketchy practices that are being conducted by some of the big crypto companies. While doing this, the SEC must not destroy the entire cryptocurrency industry in the USA.
Coinbase can sue the SEC if they want. I guess that they can hire a good team of lawyers and they have gathered enough evidence to prove their claims in court. Otherwise deciding to sue the SEC would be a massive mistake.

It's all just rumors, and they say that if the US continues to pressure and embarrass them, they will move to another country with friendlier laws.
Binance has also made this point, but it's all just a rumor.

In my opinion, the SEC is looking for a way to blame crypto and then legally control the market instead of destroying it completely. Destroying the market is not in their favor, they have seen the benefit of the market, and they do not want it to fall into the hands of another regulator like the CFTC. As far as I know, both are vying for control of the cryptocurrency market.

[goldkingcoiner]

From this U.S. SEC threatens to sue Coinbase over some crypto products in late of March 2023, to Coinbase sues SEC after months of silence from federal regulator just about one month later.

I don't know what you thought one month ago and what you are thinking right now. I believe that the USA. won't let cryptocurrency companies to move out of their country easily and because of SEC. The latest hearing in the USA. Congress is a signal that they don't want it to happen and want to force SEC to do the right things for the nation, their citizens and to control SEC power (less than overwhelming usage of SEC chair Gensler).

SEC can not arbitrarily calls any altcoin as a security and sues them. If they don't apply Howey test, they can not sue any altcoin project arbitrarily and unreasonably. South Korea disagree with this style too, but of course according to South Korea laws and regulations.

South Korean Court Says Terra Classic (LUNC) Not a Security

Please share your opinion.

The SEC cannot stop Bitcoin so I do not really care about the regulation theater they are trying to impress the feeble-minded with. I certainly am not going to defend the Terra scam or its scammer CEO and I am definitely not going to defend the business operations of any centralized exchanges. Bitcoin has defeated any and every regulator. Unless every country in the world chose to become dictatorships which collectively outlaw the entire internet, there will always be ways to mine Bitcoin. And I am sure there will always be ways to buy Bitcoin, no matter how many obstacles the government wishes to put in our way.

Bitcoin is freedom. Bitcoin is unstoppable rebellion.

[kaseygriffin]

IMO, the SEC has used its power to make one-sided decisions and influence the rise of the crypto market and the rapidly growing industry globally. The SEC lawsuit against Ripple was controversial when the SEC required Ripple to register XRP, a cryptocurrency that Ripple claims is not a security but a regular cryptocurrency.

This is a complex and controversial issue in the crypto community. First, however, we need to be clear that the SEC has a responsibility to protect investors and the market from illegal practices in accessing and using crypto. It is important that legal regulations apply to every company and individual operating in the crypto market. Consumers and investors need to be protected from scams and hidden risks that exist in this market.

[avikz]

If Coinbase thinks that filing a case against SEC in US will give them any relief, they are living in fool's paradise. SEC is a part of the government and not an accidental outsider agency. I am sure Coinbase will find themselves in more dirty water soon.

I strongly believe, it is better for cryptocurrency companies and altcoin providers to move out of US permanently. Because that's exactly what the SEC wants. Move out to Singapore and keep on providing services to the worldwide users without any regulatory hassles.

[bittraffic]

It's ironic that cryptocurrency, which was supposed to be decentralized and outside of government control, is now at the mercy of regulatory agencies like the SEC. It seems like we're moving in the opposite direction of what crypto was originally intended to be.

True. Sue the SEC for not having regulatory clarity which they are supposed to be doing since. That is already a win for Coinbasebecause obviously Gensler is not one to rely on for such a job.

Coinbaase moving to the EU is not a problem. Armstrong or any other CEO of a crypto company to just keep waiting while the company is grabbed by the neck, they can move to EU or any other country that is crypto-friendly. Heck, why not Hongkong.

[FUCKBSVFUCK]

I think that the SEC can go as far as using Bitcoin, which is the original legal tender in the USA. I also saw that on some exchanges, they had regulations and the courts were really strict. 
 
And the fact that they can legally regulate altcoins that is why they can move bitcoin out of their country. So, if it's for legal purposes, it's better that they move it because this is where there will be regulations in the future, but how they can get regulation is completely different.