SEC vs Coinbase: Charles Hoskinson Drops Mic with Epic Sarcasm! 🎤💥

Charles Hoskinson, the big cheese behind Cardano (ADA) – yes, the guy who probably codes in his sleep – just took a jab at the latest clown show starring Coinbase and the U.S. Securities and Exchange Commission (SEC). On his X (formerly Twitter, formerly Myspace?), Hoskinson couldn’t resist roasting the SEC’s demand that crypto folks “please, oh please, come on in and register.” Spoiler alert: the SEC’s popcorn-worthy hypocrisy is on full display. 🍿

Charles Hoskinson Schools the SEC on “Register” (and Other Fairy Tales)

Now, for those who missed the SEC’s greatest hits, former Chair Gary Gensler spent his days chanting like a broken record: “Just come in and register!” as if crypto companies were lining up for a dentist appointment. “Register or else!” he cried, like a tyrant demanding a library card.

But wait – in a plot twist that M. Night Shyamalan would envy, Hoskinson pulled out a post from Paul Grewal, Coinbase’s Chief Legal Wizard, revealing that the SEC itself apparently plays fast and loose with its own dusty rulebook. Word on the street is, Gensler’s team might have shredded some internal memos that could have been *very* handy in court. Shocking! Who knew regulators could be such rule-breakers?

I’m sure Gary can come in and register 🙂

– Charles Hoskinson (@IOHK_Charles) September 12, 2025

Grewal isn’t just tossing popcorn here – Coinbase wants to fast-track discovery, slap sanctions on the SEC for their little disappearing act, and milk every leftover email or smoke signal that might save their skin.

Meanwhile, Hoskinson throws shade thicker than a Hollywood scriptwriter’s plot: “It’s just hypocrisy, folks! The SEC fines crypto billions for bad record-keeping, but when it comes to their own files? Poof! Gone!” If hypocrisy were an Olympic sport, the SEC would take gold, silver, and bronze. 🏅🏅🏅

Translation from Sarcasm to English: Since the world’s self-proclaimed compliance czar is apparently *exempt* from following, uh, rules, maybe Gary should “come in and register” himself. Accountability, anyone?

Coinbase’s Legal Circus: The Sequel(s)

Meanwhile, Coinbase is not just playing defense – they’re the main act in a legal three-ring circus.

Back in July, Paul Grewal lobbed a legal grenade at the U.S. Federal Deposit Insurance Corporation (FDIC), challenging their attempts to shuffle crypto firms out of the financial sandbox. Hint: courts don’t like it when big agencies try to play monopoly with crypto.

Oh, and don’t forget the Oregon saga – Coinbase insists the state has no business bossing around crypto regulations independently of Uncle Sam’s federal rules. Because why settle for one battlefield when you can have multiple?

In the grand finale, Coinbase proclaims its chaos is all for a noble cause: bringing *regulatory clarity* to crypto. Awww. Someone get them a participation trophy. 🏆

2025-09-12 13:49

Charles Hoskinson Schools the SEC on “Register” (and Other Fairy Tales)

Coinbase’s Legal Circus: The Sequel(s)

Read More