I was under the impression that the attack primarily targeted Binance, so discovering an attack on Coinbase as well raises concerns. It is important for the SEC to establish the regulations they deem necessary and refrain from making this situation resemble a witch hunt. Interestingly, some prominent figures in the cryptocurrency industry exhibit a higher level of compliance with the law than certain criminals in undisclosed locations.
This thread was made way before CEX attack on Bincance US that happened just now. I guess this seems like part of the choke point but when you look this from a CEX point of view, In their eyes Binance US was basically unlicensed securities exchange working inside US. So what do you think is going to happen?
I find it more astonishing that people are surprised, or maybe they are just acting surprised. I am guessing that Coinbase gets their charges next. That would bring the market down even more.
