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Coinbase vs. SEC: A Legal Tug-of-War
This chapter explores the ongoing legal conflict between Coinbase and the SEC, detailing the shift from optimism about regulatory approval to the challenges posed by the SEC's claims of authority over crypto exchanges. The speakers reflect on the frustrations arising from the SEC's lack of transparency and clear guidelines for the crypto industry, especially in the wake of the FTX crisis. They also discuss the contrasting regulatory approaches of the SEC and CFTC, highlighting the need for focused action against fraudulent practices while supporting legitimate crypto businesses.