đ **Coinbase Challenges SEC Over DEX Rules!** đ
Coinbase has fired back at the SEC, criticizing its cost-benefit analysis of new proposed rules. The crypto giant argues that the SEC's vague benefits and lack of understanding of decentralized exchanges (DEXs) could drive them out of the US market. đ±
Paul Grewal, Coinbaseâs chief legal officer, insists the SEC should withdraw the proposal and conduct more thorough research. The current approach, he says, is arbitrary and irrational, potentially harming smaller DEXs with high compliance costs.
Coinbase highlights the need for clear rules on when digital assets are classified as securities to reduce industry uncertainty. đ
Stay tuned, BTC enthusiasts! đ
