Coinbase Settles With Government, $6.5M Penalty

[RobertHarpool]

Here's the article: Coinbase Agrees To Settle Charges With The CFTC

Apparently the CFTC accused Coinbase of "recklessly delivering false, misleading, or inaccurate reports concerning transactions in digital assets" 

I guess Coinbase was operating 2 trading bots ... trading between each other to make a false perception of the "volume and level of liquidity of digital assets" on the exchange. 

Wow. 

And if u listen really, really hard ... u still won't hear Maxi's lambaste Coinbase as a scam. 

 

Edit: added link to CFTC

Edited March 23, 2021 by RobertHarpool