Replies to post #28787 on Shiba Inu Token (SHIBUSD)

[GOLDBUFFALO]

That was a fricking general disclosure like they put in OTC stocks , really all stocks. WHO IN THE HELL SPUN THAT FAKE NEWS???? Coinbase is not going bankrupt. What the frick? Shorts paid for that article, lol

[GOLDBUFFALO]

Did anyone read the whole article? or just the slug?

In comments shared on Twitter, Coinbase CEO and founder Brian Armstrong said the exchange had “no risk of bankruptcy,” and that the disclosure was made due to new rules set by the U.S. Securities and Exchange Commission regarding public companies that hold crypto assets on behalf of others.

“This disclosure makes sense in that these legal protections have not been tested in court for crypto assets specifically, and it is possible, however unlikely, that a court would decide to consider customer assets as part of the company in bankruptcy proceedings even if it harmed consumers,” Armstrong tweeted, while reassuring users that “your funds are safe at Coinbase.”

[Investors3]

"In comments shared on Twitter, Coinbase CEO and founder Brian Armstrong said the exchange had “no risk of bankruptcy,” and that the disclosure was made due to new rules set by the U.S. Securities and Exchange Commission regarding public companies that hold crypto assets on behalf of others."

“This disclosure makes sense in that these legal protections have not been tested in court for crypto assets specifically, and it is possible, however unlikely, that a court would decide to consider customer assets as part of the company in bankruptcy proceedings even if it harmed consumers,” Armstrong tweeted, while reassuring users that “your funds are safe at Coinbase.”

https://fortune.com/2022/05/11/coinbase-bankruptcy-crypto-assets-safe-private-key-earnings-stock/

[lilLu]

Coinbase is not going anywhere. Read the Financials. Institutional investors are loading up lol I mean, come on. I own CB and I'm not selling on fear. Will be adding more actually. There's been more focus from the SEC on the exchanges themselves than the actual cryptos on them. A crypto cannot commit fraud. People do. That's the reason behind this. Also btc has had 8 major corrections. Some lasted a whole freakin year. When btc consolidates from $1 million to $750k, these conversations will still be happening. I'll still be shaking my head in disbelief at what I'm reading lol.
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