The warning to Coinbase that it’s breaking securities laws may signal the long-awaited attack on crypto’s foundations, but also may set up a court fight that finally answers questions.
The former exchange CEO's lawyers say the subpoena is procedurally deficient, presents an undue burden,and potentially violates Bankman-Fried's Fifth Amendment rights.
“MetaLawMan” James Murphy says that in 30 years of experience he has “never seen anything this lenient in a situation” where someone has lost millions of dollars of users’ money.