⚠️ Coinbase cornered the SEC on crypto.
Coinbase claimed that it had "no duty" to enable compliance with the SEC's rules and that it believed the commission's rules were "sufficiently enforceable," so it took legal action against several companies in the industry for violating them.
The exchange also reminded the court of the SEC's stance that it has stymied the digital assets industry and #SEC members hope the new technology will die out.