Coinbase said in a closed-door meeting with the Third Circuit Court of Appeals that cryptocurrency companies have been caught in a "Catch-22" dilemma and the U.S. Securities and Exchange Commission (SEC) In In demanding that the company comply with the regulations, it also initiates a lawsuit against the company that fails to comply with the regulations and refuses to make the rules. This model is a practice that aims to destroy an industry by demanding impossible goals and suing companies that fail to achieve them.

Foresight News Note that Catch-22 (Military Regulations Article 22) often arises from rules, regulations or procedures that individuals must follow but cannot control, because opposition to the rules is equivalent to accepting the rules.$SOL

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