Interesting thought exercise to wonder how it would’ve played out had coinbase been this 🟠 only the whole time.
Attacked sooner, harder?
Or would it have made much of a difference to the 🏛️?
Discussion
They wouldn’t be a target if they only offered Bitcoin buying and selling services. Gensler has already said BTC is a commodity, whereas all other crypto tokens are unregistered securities.
Plus, if Coinbase hadn’t gone the way of the sh*tcoin casino, they’d have all Bitcoiners on their side defending them.
Betray Bitcoin at your own risk
Good points but I guess my curiosity came with 🦢 getting de-banked and their CEO personally as well.
Swan was de-banked? Hadn’t heard that. Source?
#[3]referred to it on a recent cafe bitcoin or BTC magazine spaces/nest that I listened to on a podcast.
Sorry can’t remember specifically. Listening to a lot of late.
Yup. Citibank dropped us in November. https://www.wired.com/story/crypto-banking-crisis/amp
Wow. Hadn’t realized. I suppose operation chokepoint extends beyond just the scamcoin casino world
Yep and goes back to my original point if I think we are well beyond thinking that “BTC only” is even a safe bet.
🏛️ is coming in hard already.
Interestedly watching #[4] as they scale to see what roads they will have to navigate as their public profile goes 🆙
Getting shadow debanked is a common practice. For years regulators would mention certain industries that weren’t illegal but might be of concern. Banks quickly get in line. See examples in legal sex work or pornography