This week, Coinbase received a notice from the SEC identifying potential violations of securities law. Threatening to enforce the biggest, publicly listed crypto player in the US has prompted outcries among industry leaders (e.g. Brian Armstrong (Coinbase), Rian Selkis (Messari), and Ryan Wyatt (Polygon), and Jeremy Allaire (Circle) among others).1
Because what has been happening in the US lately is not only about Coinbase. It’s not even about the US and its allegedly systemic crackdown on crypto (here’s a timeline2).
