Coinbase Takes on the SEC Again! 🚨

- Coinbase has sent a third letter to the SEC criticizing their proposal to change the definitions of a national securities exchange.

- Coinbase's general counsel, Paul Grewal, argues that the SEC does not have enough information to conduct a cost-benefit analysis.

- Grewal emphasizes that without a clear definition of a "crypto asset," the analysis is impossible.

- The problems with the SEC's proposal also make it difficult for decentralized exchanges (DEXs) to operate.

Source: Coinbase