Coinbase finds flawed analysis in SEC's proposed exchange definition

Coinbase has submitted a new letter to the United States Securities and Exchange Commission (SEC) on that agency’s proposed changes to the definitions of a national securities exchange. This is the third comment letter from Coinbase and addresses the SEC’s cost-benefit analysis of its proposed changes.
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 Coinbase has had previous legal disputes with the SEC. In a separate case, the SEC charged Coinbase with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. Coinbase was also charged for the unregistered offer and sale of securities in connection with its staking-as-a-service program