As punishment for Coinbase’s nefarious actions, the CFTC annou | LibreCharts

As punishment for Coinbase’s nefarious actions, the CFTC announced that Coinbase had been fined a total of $6.5 million and ordered to “cease and desist from any further violations of the Commodity Exchange Act or CFTC regulations, as charged.”

The report goes on to state that Coinbase’s actions “[undermined] the integrity of digital asset pricing”, which - in laymen’s terms - is a polite way of stating that Coinbase’s actions essentially ‘rigged’ the markets.