🔔 Ding-ding! In today's crypto drama, Coinbase accuses the US SEC of "choking" the crypto industry with its regulation-by-enforcement approach. According to Coinbase, the SEC is like that strict teacher who refuses to clarify the assignment but still expects you to ace it. 🤷‍♂️ The exchange believes the SEC's rules are "workable enough" because it's already sued several firms for breaking them. But hey, the SEC says it's not all doom and gloom. Only a "small set of market participants" may find their rules challenging. Meanwhile, Coinbase's attempt to dismiss an SEC lawsuit has hit a brick wall. Stay tuned for the next episode of "Crypto vs. SEC"!