Discussions about potential spot-#BitcoinETF approvals by the SEC include an elephant in the room: Coinbase, whom the SEC is suing.
Coinbase is middleman between the #Crypto market and the traditional equities market where the #ETF would trade.
The only twist? #SEC sued 🚨Coinbase in June, alleging that the company acted as an exchange, broker-dealer and clearinghouse without registering with the agency for any of those roles.
Coinbase is middleman between the #Crypto market and the traditional equities market where the #ETF would trade.
The only twist? #SEC sued 🚨Coinbase in June, alleging that the company acted as an exchange, broker-dealer and clearinghouse without registering with the agency for any of those roles.
Bloomberg.com
Coinbase’s Huge Role in Proposed Bitcoin ETFs Raises Big Questions
In this issue of the Bloomberg Crypto newsletter, Michael P. Regan wonders what the SEC thinks about the huge role that Coinbase is poised to play in proposed spot-Bitcoin ETFs.