Coinbase and Tron developer sir Justin Sun are now the next target of the SEC, this morning I read on Twitter that SEC is going to arrest Justin for market manipulations and Selling Securities, there is also some cases about Fraud, this is going go be tough, what do you think will unfold from this? Scary or Nah???
I would separate the developer Justin from the longer term future of Coinbase - a publicly traded US company that is going quite strong at the moment and earning a lot of money. Coinbase is probably going to take some attention, but considering the run up bitcoin has had in the last few months, they probably have plenty of capital and are unlikely to run into short term problems unless the regulator decides to be particularly vindictive. There have been many scandals like this since the beginning of crypto and they are becoming rather routine now, so it is less of an anomaly or a concern. People will do illegal things in the crypto space, there will be some unsettling times, but I see things getting stronger because of it.