"Coinbase Claims SEC Approval, But Lawsuit Exposes Risky Business Practices!"
1. Coinbase asserts that it received SEC approval for its registration statement in 2021.
2. However, the lawsuit filed by the SEC has revealed potentially risky business practices by Coinbase.
3. The allegations indicate that Coinbase may have engaged in conduct that violated securities laws.
4. The lawsuit raises questions about the level of due diligence conducted by Coinbase and its legal counsel.
5. The legal proceedings will shed light on whether Coinbase's claims of SEC approval hold up under scrutiny.
