>The U.S. crypto regulatory environment needs more guidance, not more enforcement It already has exceptionally little enforcement. Once it gains regulatory gui

>The U.S. crypto regulatory environment needs more guidance, not more enforcement It already has exceptionally little enforcement. Once it gains regulatory guidance is when actual enforcement of those policies can begin. Until that time, there are a lot of analogs in traditional finance to some of the services that Coinbase offers. At least cherry pick the best analogs and register them the same way a traditional financial instrument of that sort would be. (like the currency exchange). Concede some ground by registering a few of the coins as securities while fighting tooth & nail in the courts & politicians to address the differences needed in a regulatory agenda. This will show willingness to participate in the lawful regulatory framework even if you disagree with it-- a good citizen, so to speak. Over time this will create a working relationship rather than an adversarial one. Getting appropriate regulatory frameworks in place is going to be a game of inches, not quick homeruns, and a strategy that only includes the homerun approach is not going to work as well. Instead, Coinbase has communicated with the SEC its viewpoints but refuses to adopt the closes equivalent regulations. Violating (in the SEC's eyes) regulations under the reasoning that you don't like them and are trying to change them is just not an endearing course of action. If Coinbase had proactively approached the SEC with action and not just talk the amounted to "we disagree" ....... How about "We fundamentally disagree and believe the status quo justifies current processes but we want to show a willingness to engage, in principle, in the regulatory framework we have. Let's come up with a good first step as we work things out or let the courts decide or however we need to settle all of this"