Yet Another Value Blog • 1159 implied HN points • 19 Jun 23
- Coinbase is facing serious challenges posed by an SEC suit that could potentially put the company out of business.
- The primary defense of Coinbase against the SEC is the hope that Congress will change laws to save them, but this could lead to increased competition and challenges for the company.
- Even if Congress were to change laws to make crypto trading legal, it could have negative consequences for Coinbase's business by opening the door to strong competition and impacting its unique revenue streams.