SEC has charged Coinbase with 5 different offenses, including operating an unregistered securities exchange, and offering unregistered securities to the public. https://www.sec.gov/litigation/complaints/2023/comp-pr2023-102.pdf, https://slate.com/technology/2023/06/coinbase-binance-sec-cryptocurrency-securities-law-crackdown.html

Resolves YES if the SEC wins any of the 5 charges it filed against Coinbase, or if Coinbase settles with terms that indicate a substantial concession, for example, a payout greater than $50 million and an agreement to not sell to US consumers, or something along those lines.

If the SEC introduces superseding charges or adds charges against Coinbase I will include these in the resolution criteria.

Since this case involves editorial judgment on the "substantial concession" provision, I won't bet in the market. Feel free to ask questions to help narrow down what "substantial" means.

The Government Is Strangling Crypto

The feds sued Coinbase and Binance. It could tame the entire industry.