SEC's Recent Moves: What's Up with Coinbase's Lending Plans?

1/ Lately, SEC's been acting kinda shady... let me share what’s been happening. 2/ So many crypto users have been making some decent yield on their assets for a while now. Makes sense, right? If you lend out your crypto, you can get returns. Everyone's been cool with it. 3/ A ton of legit crypto companies have been doing this for years. And Coinbase just announced they were about to launch their own lending service too. 4/ They were all set to roll it out in a few weeks, so they thought it’d be smart to give the SEC a heads-up and fill them in. 5/ The SEC hit them back saying this lending feature... is something they might not be okay with. 6/ Seriously? What happened to letting innovation happen? 7/ Curious if anyone else thinks this is a bit overreach from the SEC? Or is it just me?