> It's just Coinbase choosing to not comply with it and saying "it can't apply to us, we're different", then asking for special rules that make it easier for th

> It's just Coinbase choosing to not comply with it and saying "it can't apply to us, we're different", then asking for special rules that make it easier for them. More than that, the conversation I assume is something like the following: Coinbase: your security laws don't apply to us! We are different! SEC: You really think so? See you in court. Coinbase: Why won't SEC work with us to clarify their rules! Like, I've seen a lot of cases of fake cryptobro tears but this might be near the top. If you think you're exempt from the law, be ready to defend your position in the court. Don't ask others to do your job of due diligence for you.