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
Coinbase made the wrong move. Many such cases.
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