The Coinbase Complaint: A Procedural Crime

The SEC is basically saying most crypto tokens are securities to run a security to running exchange. You need to be registered and follow those rules. None of you have done that illegal, right? And Coinbase is like, we don't think that's illegal. We just call those things FTXing now. They're not FTXing. But who is FTXing though is fucking Binance. I mean, I saw one note from like their chief compliance officer that's like, bro, we're running a licensed security exchange,. Like, that's crazy. That's how this started the episode.