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A comment on Coinbase CEO: we're preparing to go to court with the U.S. SEC. Parent comment

Re:Coinbase CEO: we're preparing to go to court with the U.S... by fallingknife on Tuesday April 18, 2023 @11:43AM (#35615533)
Nonsense. The SEC, like all regulatory agencies, provides legal guidance and interpretations in order that people may follow the law. Here is a link to them doing just that: https://www.sec.gov/rules/interp.shtml
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Re:Coinbase CEO: we're preparing to go to court with the U.S... by elliekelly on Tuesday April 18, 2023 @11:50AM (#35615651)
That’s not even remotely the same as showing up at their office and asking them to apply the law to your specific scenario. That’s what lawyers do. And if your lawyers are unsure they can ask the SEC via the No Action letter process. For CoinBase to say “well we had a bunch of meetings and we asked them to explain the law to us” is disingenuous because of course they’re not going to get an answer that way. That’s not how the SEC works and that isn’t their job. Do you know why they didn’t go the No Action route? Because they knew the answer they’d get and they didn’t like it.
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Re:Coinbase CEO: we're preparing to go to court with the U.S... by fallingknife on Tuesday April 18, 2023 @03:31PM (#35618870)
> they can ask the SEC via the No Action letter process

So you admit that they do give legal advice. Thank you.

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Re:Coinbase CEO: we're preparing to go to court with the U.S... by elliekelly on Friday April 21, 2023 @11:31AM (#35655253)
No. No Action Letters are absolutely not legal advice and they all specifically state as much.
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