John Reed Stark, the former Chief of the SEC Office of Internet Enforcement has faulted the current argument of American publicly traded exchange Coinbase Global Inc as it concerns its defense against the markets regulator. As far as John Reed is concerned, the argument from the trading platform that the regulator approved its Initial Public Offering (IPO) back in 2021 and as such, has a good knowledge of its business is flawed.
Why, IMHO, Coinbase’s SEC Defense is Criminal
Coinbase and its shills argue that when Coinbase’s SEC initial public offering (IPO) registration went effective, the SEC somehow also approved the bonafides of Coinbase’s business. What a crock and possibly a criminal offense. Yes,… pic.twitter.com/5QyWYTcA8f
— John Reed Stark (@JohnReedStark) June 10, 2023
John Reed said the role of the SEC as far as IPO filing is concerned is to review whether or not the applying company made the right disclosures. According to the former regulatory Chief, the SEC alway
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