🚀 Coinbase Strikes Again! 🚀

In a move that's becoming as regular as your morning coffee, Coinbase has fired off yet another letter to the SEC. This time, they're calling out the SEC's proposed changes to the definition of a national securities exchange. 📄

- **Main Beef**: The SEC's cost-benefit analysis is as shaky as a Jenga tower on a windy day. Coinbase's Chief Legal Officer, Paul Grewal, argues the SEC is flying blind without crucial info.

- **Key Points**:

- SEC lacks a clear definition of "crypto asset security."

- DEXs can't meet the proposed disclosure requirements.

- The SEC's assumptions are, well, a bit "out there."

What do you think? Is Coinbase on point, or is the SEC just misunderstood? Drop your thoughts below! 💬