Golden Finance reported that Brian Armstrong, CEO of crypto exchange Coinbase, said that although the company tried to seek clarification from the regulator, the company was still criticized by the SEC. He said Coinbase has met with the SEC 30 times in the past 18 months. “We haven’t really gotten any feedback from them on what assets they consider to be securities and which assets are not securities, other than Bitcoin,” he said. “All we got was a Wells notice.” Armstrong said that if the company can't get clarification from the SEC, "we need to use the courts to develop case law," and he also hopes that "Congress will take action and pass new legislation," citing two bills currently before the House of Representatives.