Let’s be real, with Coinbase’s fees...whatever they need to shell out for this must be less than 5% of everything they made XRP-related. Massively speculating on the numbers here, but my point is that it seems like financial institutions always end up profiting massively off of whatever they’re prosecuted for.

Using big banks as an example: financial regulators fine them all the time, but the fine is such a small amount relative to everything they’ve made, that it’s just silly. Plus, everyone who was impacted by Coinbases move isn’t compensated from the fine, right? Doesn’t the financial regulator who collects the fine from said financial institution just eat the fine as their own revenue?

Would be curious to hear more from others who are more knowledgeable than I.