John Reed Stark, a former Chief of the SEC Office of Internet Enforcement has tagged crypto to be a “mammoth Ponzi scheme” about a Coinbase ad currently circulating on the internet.
Coinbase Ads Draws Ponzi Scheme Comparison
Software engineer Stephen Diehl recently reacted to a new Coinbase ad on the X app that preaches updating “the system.” Despite the accolades the social media promotion got, Diehl received it with mixed feelings. The software engineer pointed out that the ad was rather a form of “gaslighting.”
For context, Diehl emphasized the fact that the American cryptocurrency exchange is involved in the sales of some gambling products that prey on the financial illiteracy of its users.
These products are usually disguised in “phony financial populism” which could well be categorized as a crypto Ponzi scheme, per a statement from Diehl. Considering this situation, Diehl perceives the Coinbase ad as the exchange promoting a crypto Ponzi scheme as a way to a b
We współpracy z: https://coingape.com/sec-veteran-calls-crypto-mammoth-ponzi-scheme/
