🚀 **Coinbase vs. CFTC: The Crypto Drama Continues!** 🚀

Coinbase is back in the legal ring, folks! 🥊 The crypto exchange has petitioned a federal court to force the Commodity Futures Trading Commission (CFTC) to hand over its chats with 12 crypto token issuers. Why? To defend itself against the SEC's claim that these tokens are unregistered securities.

- Coinbase argues this info is crucial for its defense.

- The CFTC has been playing hard to get, ignoring subpoenas since July.

- The SEC's lawsuit claims Coinbase is an illegal broker and lists 13 tokens as unregistered securities.

What do you think? Is Coinbase in the right? Drop your thoughts below! 💬