Coinbase Drops Crypto Lending Program Plans After SEC Balks

Bloomberg2021-09-21

Company faced threat by agency to sue if it pursued plan SEC has taken a tougher line on crypto under Gary Gensler Coinbase Global Inc. is bowing to pressure from U.S. regulators and tabling plans to...

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Comments

DancingOwl
2021-09-21
DancingOwl
Tiger to the moon
ZUE
2021-09-21
ZUE
Be warchful n patient
- RichyRick:
  Yeah.
- Footixx:
  ?
cghtkh
2021-09-21
cghtkh
pls like
- PBL77:
  Ok
LWZ2218
2021-09-21
LWZ2218
Still buy??
WayneLee
2021-09-21
WayneLee
Need a like
- KHW:
  k
Limth
2021-09-21
Limth
Trying to control the inevitable

Leave a comment

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However, the loudest criticism yet has come from Coinbase itself.\nIn a Sept. 7 Twitter tirade over the SEC’s opposition to Lend, Coinbase Chief Executive Officer Brian Armstrong accused the regulator of “sketchy behavior” and “intimidation tactics.” The post won praise from the crypto die-hards among his 825,000-plus followers, but also stoked concern that he was taking a page from Elon Musk in doing battle with the agency at a time when the crypto industry was seeking broad acceptance.\nCoinbase CEO Brian Armstrong\nOn Friday when announcing its plans to back away from Lend, Coinbase took a much more muted approach. The firm mentioned it as an addendum to a June 29 post on its blog, where the company posts news.\nThe post wasn’t billboarded on the website. No press release was sent or potential customers who signed up early for the program contacted. 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moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860400109","repostId":2169851246,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":860204307,"gmtCreate":1632180654609,"gmtModify":1676530717603,"author":{"id":"3584349117570782","authorId":"3584349117570782","name":"ZUE","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Be warchful n patient","listText":"Be warchful n patient","text":"Be warchful n 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buy??&nbsp;","listText":"Still buy??&nbsp;","text":"Still buy??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860205888","repostId":2169851246,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":860677176,"gmtCreate":1632180190395,"gmtModify":1676530717375,"author":{"id":"3576105353976896","authorId":"3576105353976896","name":"WayneLee","avatar":"https://community-static.tradeup.com/news/785daacee256a2b4978a5d50fbe3727b","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Need a like&nbsp;","listText":"Need a like&nbsp;","text":"Need a like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/860677176","repostId":2169851246,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5938742,"gmtCreate":1632180522262,"gmtModify":1663234177126,"authorId":3586261606500608,"author":{"id":3586261606500608,"authorId":3586261606500608,"name":"KHW","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":860677176,"type":1,"supId":0,"prevId":0,"content":"k","text":"k","html":"k"}],"langContent":"EN"},{"id":860678327,"gmtCreate":1632179884369,"gmtModify":1676530717098,"author":{"id":"3565147372726492","authorId":"3565147372726492","name":"Limth","avatar":"https://static.tigerbbs.com/a3e8250fe16c4e0e90561c3755568eae","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":7,"crmLevelSwitch":0},"htmlText":"Trying 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