[paulpauper]

A blog I read make such a prediction yesterday...astute. Not the same thing, but shows the precarious situation it finds itself in:

What happens if Coinbase is cut off from banking? FTX was a total scam; Coinbase is a completely legitimate company—the only really, deeply, compliant exchange. Once CB cannot bank, the precedent is set—no one in crypto can touch the banking system. Forever. And as we’ll see, it doesn’t even need to be forever.

[piqi]

The Wells notice has nothing to do with their banking connections.

Edit: the parent comment previously made the claim that this was predicted by various unrelated claims in a linked blog post, and later modified it to make it appear they were not making that association.

[surgical_fire]

> Moreover, this trillion has a higher propensity to spend than most of the investor wealth that gets destroyed—so there will be proportionately macroeconomic effects. Deflationary effects. This money that people thought they had, was not money, and now cannot be spent. Sad!

Nice, maybe this should be tried to deal with inflation instead of rising interest rates.

[positivelypolit]

What about a Wells Notice for staking/asset listings you to believe the SEC is planning to push Coinbase into unbanked status, and why would you give it any ounce of credibility? Oh that's right, because it's a crypto skeptical take :)