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Comment by menthe | Hacker News Reader

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menthe

There is a well-documented public history of Coinbase taunting the SEC - they had it coming.

- https://www.coinbase.com/blog/the-sec-has-told-us-it-wants-t...

- https://www.coinbase.com/blog/coinbase-does-not-list-securit...

- https://www.coinbase.com/blog/coinbases-staking-services-are...

- https://www.coinbase.com/blog/we-asked-the-sec-for-reasonabl...

- https://www.coinbase.com/blog/coinbase-takes-another-formal-...

- https://www.coinbase.com/blog/coinbase-responds-to-the-secs-...

Better yet: https://www.coinbase.com/blog/icymi-coinbase-and-the-sec

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None of those posts except the last looks like taunting the SEC to me, but rather keeping the public and their customer base in particular up to date on a live regulatory issue that may present a risk to their business. That is the type of thing the SEC requires (at least of publicly traded companies) not discourages.

If criticizing a regulatory body causes them to go after you, then that regulatory body is corrupt and should be dismantled and replaced with something else.

Taunt and criticize are two different verbs

And criticize is the correct one in this instance.

And neither is justifiable cause for regulatory action.

I don't think this is the reason the SEC is going after Coinbase, but frankly I don't believe the SEC is doing any of this on the behalf of "protecting investors".

Don't think "taunt" is the correct verb here, but it doesn't even matter. Taunting government officials is protected speech in the US.

And given the number of cryptocurrency exchanges the SEC has been suing in the past several days, it is rather unlikely that the SEC is targeting Coinbase because of Coinbase's criticisms: had Coinbase said nothing, the SEC would still be suing Coinbase.

Or that's a well-documented public history of the SEC taunting Coinbase.

of course, how dare private citizens not kiss the feet of unelected government officials. I love when government institutions take retribution for being "taunted"

The old good non-compliant taunting

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