And he also drew attention to a contrast with the hostility that the crypto industry faces from some politicians in the US: “It’s not as though the Elizabeth Warren attack on us defines how we engage with most governments.” Davos, then, appears to be a more welcoming environment for crypto than the combatively partisan political and regulatory arena in the US. Management Consulting © 2024 Brave New Coin. All Rights Reserved.
"You simply can’t ignore the rules because you don’t like them or because you’d prefer different ones: the consequences for the investing public are far too great,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement. "As alleged in our complaint, Coinbase was fully aware of the applicability of the federal securities laws to its business activities, but deliberately refused to follow them. While Coinbase’s calculated decisions may have allowed it to earn billions, it’s done so at the expense of investors by depriving them of the protections to which they are entitled. Today’s action seeks to hold Coinbase accountable for its choices.” Is Coinbase safe? The comparison of crypto markets with the equity markets provides more insight into the crypto ecosystem. Our analysis shows high volatility, high returns, and, to date, low correlation with equities. We performed a comparative study with the top three holdings in the S&P 500 (SPX): Apple (AAPL), Microsoft (MSFT), and Amazon (AMZN). In terms of market cap, each of these three equities dwarfs even the largest cryptocurrencies, as illustrated in chart 7 below. We looked at the top three holdings to provide meaningful comparison with the cryptocurrencies that exhibit the highest market cap.