Coinbase to SEC: we’re open to input on which assets / products might be securities?

SEC: *silence*

(Repeat 30 times)

SEC: here’s a Wells Notice because we think some of these may be securities but won’t tell you which ones

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

(which prevents Coinbase from appropriately forming a rebuttal to the Wells Notice since they don't know which instruments they're defending)

pretty disappointing to find out that the securities regulatory body of the U.S. has a fundamental conflict of interest wrt general public's ability to innovate in a market.