Is Coinbase Investigation a Warning to Other Crypto Players?

Anna Mercado Clark was quoted in an Anti-Corruption Report that discussed the New York State Department of Financial Services (NYDFS) investigation into Coinbase to determine if legal violations had occurred due to compliance deficiencies.

The article provides background of the company, the NYDFS examination and investigation and the Consent Order.  Also addressed are the lessons that were learned from the Consent Order including how cooperation with regulators can help matters, the effect that good corporate governance plays in determining the personality of founders, the issues with not fully investing in compliance and empowering gatekeepers.

Subscribers can read the full article, titled “Is Coinbase a Warning to Other Crypto Players?,” on the Anti-Corruption Report website.