Coinbase suing SEC, who will come out on top – find out here..

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All right here we go we've got coinbase Over here so coinbase has really come Out quite strongly after we saw we spoke About last week how Gary Gensler really Couldn't describe what Um where the ethereum was a was a Security or not Um and coinbase has come out and they've Said look guys this is ridiculous you Need to give us Clarity here Um and they actually are taking legal Action against the ACC and they want to Find out from the SEC What makes it a security or not what Makes a coin a security they need Clarity and I think they're 100 right I Mean if you just think about it if your Business was based on this fact of Whether you are declared legal or Illegal or security or not and and the Head of the SEC cannot tell you what are The criteria for you to be considered That which can change the course of your Business you would say hold on guys this Is ridiculous we need we need guidelines And this is Again part of being really Part of being a new technology but I Agree with codebase completely yeah we Need to know according to America what They consider as security the Howie test Is updated it needs to be updated the Conscious before criteria there has to Be a lot more and people need to figure Out what it is that makes it one or not

So that different companies can decide Whether they want to have a token or not Whether they want to be a security which They can be but they just have to comply With different things and there needs to Be Clarity here and coinbase is leading That charge and I take my hat off to Them and I hope that it brings some Clarity even though I do think it will Take a bit of time to get them out Sofia Yeah man I [ __ ] with coinbase not gonna Lie they most the time they come through I like their UI I like their founder Brian I like everything about coinbase To be honest so I'd much rather than be Here because I'm not trying to use Binance it's not gonna lie binance is Fine but I do prefer coinbase I would Like for them to stay in the US I would Like for them to have a little bit more Information on what they can and can't Do legally within the realm of the law But We'll see man I'm backing I'm back in Coinbase here I would like for them to Do well even though I don't really Support the centralized exchange for Crypto as that much I do I would like if for example trustwallet Or metamask had an option to deposit Money back to my my bank or withdraw Back to my bank I would just use that and I would never Use coinbase ever again so while I do

Like coinbase until there's a better Option You know we don't really have a choice Like if you want to transfer money back Out to your bank account you have to Send it back to coinbase kind of thing Like that's annoying [ __ ] but if there's Anyone I'm going to use it's going to be Coinbase for now I just hope a like I Hope that their money is backed again Like they had a lot of their money in um Whatever Bank it was that closed down a Few months ago then they were backed up By the government thank God even though That's I don't know if that's actually a Thank God but they were and coinbase Didn't get totally flogged that would Have been That would have been so bad bro coinbase Going down you told me about Silverback It's uh yeah yeah I mean look the bottom Line is the end is I've done videos Myself and okay as well and a lot of People have the bottom line is no matter What you don't want to be keeping money On an exchange crypto onion exchange That's the whole point of crypto is it's Decentralized so yes you do need to use A coinbase to move money from dollars to Crypto to do what you want to do with it And then to move it back once you Self-custody and want to turn it back to Dollars that should really be a few Minutes that isn't worth coinbase in

Between but to actually hold your Ethereum or Bitcoin on coinbase is not a Good on any exchange it's not a good Idea because worst case scenario if it Does have a problem you're going to lose Your money so and we saw that with FTX And that was the big lesson around FDX Is that the whole thing about crypto is That it's decentralized you don't need To put your trust in the third party and So therefore do not so buy yourself Manager hold your own Bitcoin hold your Own crypto even even metamask yourself Is self-custody you not giving it to an Exchange you are custody custodying it To yourself so self-cassidy your crypto Is really what you need to do but yes Coinbase is taking the child share how This plays out in the next couple of Years remains to be seen they might end Up uh you know getting in real big legal Trouble and turning out to Um be burying themselves but they do any Clarity either way you know it's sort of Like you want to know at some point you Want to know you go to the doctor he's Like I'm being annoying it's like just Tell me I don't care what it is just Freaking tell me what's wrong I'd rather No they're not know you know and I think That we have definitely reached that Stage yeah I see forehand saying Finance Backed out of my Voyager bail out boo Yeah that [ __ ] blows I got out of

Voyager it was weird Okay that was weird Because they were they they actually There was a court case to stop it Happening and then then they said they Can go ahead with it and then Finance is Backed up so that was weird I don't know I've made a few videos and look I don't Know enough about crypto I really don't Um this is just my opinion but I've made A few videos saying We Care from a Finance there are red flags there and They really really are and uh yeah I Think CZ is very lucky that the mark the Crypto Market recovered to the degree That it has with Bitcoin pricing and Things like that I think that made them Have a little bit more liquidity than They actually had but there's different Some weird stuff going on there in my Opinion in my humble opinion But again text us back self-custody Don't don't trust anyone Yeah I mean I'm trusting Kade with my Pez dispenser Let's see I wanna I wanna prefer I want Proof of reserves please Let's see it shouldn't be on the [ __ ] Floor why is it on the floor it's on the Desk it's just in the bottom Perfect it's still looking good the Packaging isn't okay Corners are getting a little okay no That's fine I'm waiting it's looking great it's

Looking great I'll play with you guys It looks good thank you keep holding it Thank you crypto dream a grand for Organizing it when my shoes come then We're going to send it together with a With a few other things but then don't Just send it okay we're going to do a Proper door-to-door because this post Office in South Africa is absolutely Yeah I'll let you know when they're when They arrive if they ever [ __ ] arrive Yeah crypto Tunes look at that Bitcoin Pass I know it's taking all my willpower Down to eat it Well done well done all right so now We've got meta

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