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by gtrubetskoy 3106 days ago
They are registered as money transmitters in just about every state, not sure what the legal implications of that are exactly, but I doubt the regulatory bodies will just let it slip. If there is any suspicion of "fraud", then you don't need SEC (or USDA, lol) - the local police department and FBI are generally good enough.

https://www.coinbase.com/legal/licenses?locale=en-US