Coinbase CEO: The SEC and CFTC issued contradictory statements

ChainCatcher news, Coinbase CEO tweeted that the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) have issued conflicting statements and have not reached a consensus on what constitutes securities and what constitutes commodities. At the same time, the SEC's enforcement approach has also harmed U.S. interests.

He stated that we have also tried repeatedly to register, but without success (previously, the SEC accused Coinbase of evading regulation by allowing users to trade a large number of cryptocurrencies that are essentially unregistered securities), and we are confident in the facts and the law. (Source link)