Brian Armstrong coming out and saying that the SEC told him to stop trading everything except Bitcoin on Coinbase, because everything besides Bitcoin is a security makes for a hell of a start to this week. Gary has been telegraphing these moves since he started at the SEC. But we're not done yet! The SEC has also sued scammer Richard Heart for securities fraud. The framing of these two pieces of news are incredible for the #Bitcoin signal and the week is just getting started. Keep stacking. Keep building. We are winning.
Discussion
Yes. The issue is that they did not explain how to register a crypto as security with SEC or why they consider them as security. That is where they act like autocrats.
LFG 🚀
This also puts a little *doubt on that they have claimed that the SEC gave them no regulatory clarity.
"Don't trade securities, BTC only" is very fucking clear.
💪🏽👊🏽
Helluva Monday, huh?! 🫡
