The billionaire owner of the Dallas Mavericks and Dogecoin advocate مارک کیوبا advises Coinbase CEO Brian Armstrong to go on the offensive.
Cuban’s words were in reference to news that the U.S securities regulator will مقدمہ دائر the exchange if it goes ahead with offering its Lend program to users.
Armstrong said they were planning to launch the program in a matter of weeks. But felt it appropriate to reach out to the SEC as a “friendly heads-up,” and broach their feedback on the matter.
However, Armstrong was somewhat shocked by the regulator’s response. This involved a declaration that the Lend feature is a security, an unwillingness to explain how that declaration was arrived at, subpoena of records, taking employee testimonies.
Worse than that, Armstrong said the agency threatened to sue if they launched the Lend program.
5/ انہوں نے ہمیں یہ بتاتے ہوئے جواب دیا کہ قرض دینے کی یہ خصوصیت ایک سیکیورٹی ہے۔ ٹھیک ہے - عجیب لگتا ہے، قرض دینا سیکیورٹی کیسے ہو سکتا ہے؟ لہذا ہم SEC سے کہتے ہیں کہ وہ ان کے نقطہ نظر کو سمجھنے اور اس کا اشتراک کرنے میں ہماری مدد کرے۔ ہم ہمیشہ ریگولیٹرز کے ساتھ فعال طور پر کام کرنے کی کوشش کرتے ہیں، اور کھلے ذہن کو رکھتے ہیں۔
برین آرمسٹرانگ (brian_armstrong) ستمبر 8، 2021
The SEC is already under fire with its handling of the ongoing ریپل کیس. While some assumed it would consider those lessons in moving forward, this disclosure by Coinbase shows it continues to act with impunity.
What Is Coinbase Lend?
، نام سے پتہ چلتا ہے Coinbase قرض is the firm’s version of lending tokens to the platform to earn interest.
It’s a popular practice offered by numerous other platforms such as Crypto.com, Celsius, and Nexo, to name a few.
Users tend to gravitate to lending programs, one, because it offers higher interest than cash in a bank, and two, because it’s perceived as less risky than yield farming which exposes farmers to مستقل نقصان.
“Impermanent loss happens when you provide liquidity to a liquidity pool, and the price of your deposited assets changes compared to when you deposited them. The bigger this change is, the more you are exposed to impermanent loss.”
Coinbase’s offering is limited to USDC deposits only and at a rate of 4%. For comparison, سیلسیس is currently offering 8.88% on USDC.
Cuban Says Go On The Offensive
Wading in on the situation, کیوبا raised the point that this is “regulation via litigation.” He surmised that the agency isn’t capable of addressing securities legislation without resorting to this strategy as a method of legislating.
He ended the tweet by advising Armstrong to “go on the offensive.” What Cuban means by this is open to interpretation.
"Brian, this is “Regulation via Litigation”. They aren’t capable of working through this themselves and are afraid of making mistakes in doing so. They they [sic] leave it to the lawyers. Just the people you don’t want impacting the new technologies. You have to go on the offensive".
جیمز وو, CEO of digital asset manager DFG, said he thinks Coinbase should turn the tables on the SEC by initiating legal action against them. In the long run, Wo said this course of action would be beneficial to the entire industry.
- 11
- 9
- عمل
- وکیل
- اثاثے
- اثاثے
- بینک
- بائنس
- کیش
- سیلسیس
- سی ای او
- تبدیل
- Coinbase کے
- جاری ہے
- کرپٹو
- Crypto.com
- ڈلاس
- ڈیجیٹل
- ڈیجیٹل اثاثہ
- Dogecoin
- ایکسچینج
- کسانوں
- کاشتکاری
- نمایاں کریں
- آگ
- پر عمل کریں
- آگے
- ہینڈلنگ
- کس طرح
- HTTPS
- صنعت
- دلچسپی
- ملوث
- IT
- تازہ ترین
- شروع
- وکلاء
- قانونی
- قانونی کارروائی
- قانون سازی
- قرض
- قرض دینے
- لمیٹڈ
- لیکویڈیٹی
- قانونی چارہ جوئی
- لانگ
- بنانا
- نشان
- مارک کیوبا
- خبر
- نوو
- کی پیشکش
- تجویز
- کھول
- دیگر
- مالک
- لوگ
- منصوبہ بندی
- پلیٹ فارم
- پلیٹ فارم
- پول
- مقبول
- قیمت
- پروگرام
- پروگرام
- ریکارڈ
- ریگولیٹرز
- جواب
- رن
- SEC
- سیکورٹیز
- سیکورٹی
- سیکنڈ اور
- حیران
- So
- حکمت عملی
- ٹیکنالوجی
- ٹوکن
- پیغامات
- us
- صارفین
- لنک
- وزن
- الفاظ
- کام
- پیداوار
- پیداوار زراعت