It's ironic that cryptocurrency, which was supposed to be decentralized and outside of government control, is now at the mercy of regulatory agencies like the SEC. It seems like we're moving in the opposite direction of what crypto was originally intended to be.
True. Sue the SEC for not having regulatory clarity which they are supposed to be doing since. That is already a win for Coinbasebecause obviously Gensler is not one to rely on for such a job.
Coinbaase moving to the EU is not a problem. Armstrong or any other CEO of a crypto company to just keep waiting while the company is grabbed by the neck, they can move to EU or any other country that is crypto-friendly. Heck, why not Hongkong.