Coinbase is a public company on NASDAQ. They are about as registered with the SEC, as possible.
Update: cause I'm getting downvotes. See below. The point that I'm making is that if this company is acting illegally, then why is it still trading?
Let me direct you to this:
https://finance.yahoo.com/news/coinbase-says-just-no-way-to-...
The whole point here is that Coinbase is acting in good faith by trying to do things "the right way"... including becoming a public company and trying to register in whatever compliance ways they can. All the way to announcing that they will go to court over all of this. All because their existing efforts haven't worked.
Update: the discussion is happening right now around how coinbase is a public company that is being declared that it is doing illegal things. If so, then why is it still trading?
https://www.youtube.com/live/DSsp8Rvh5n0?feature=share
-4:15
Because breaking the law does not cause your stock to be delisted?
I'm not informed enough of the SEC complaint to have much of an opinion on how valid the SEC's or Coinbase's respective cases are, but "I can still by stock" is no evidence that Coinbase isn't breaking the law or violating regulations. Companies do illegal things all the time, delisting the stock and shuttering the company is a resolution of last resort, not first resort.
No, i'm the one from Beavis and Butt-Head.
And why are those securities (if they are actually securities, which Gensler and the SEC can't even agree on), available to purchase and not regulated? Someone else in this thread just compared this to buying fentanyl. It isn't like there is the FDA giving out spec sheets on drugs.
Is your position that no publicly traded company has ever done anything illegal?
That's not right. They got clarification they just didn't like the answer.
"When we ask specific questions: How do we get to a path to registration? There's never an answer," Shirzad said.
That is not even close to correct. NASDAQ itself is a publicly traded company (quote: NDAQ), that nonetheless has to register separately as a securities exchange.
