Their job is to find some portion of things that are definitely illegal. They don't need to have comprehensive knowledge of the law, just enough to know that the things they are enforcing against are definitely illegal.
If you're asking the police whether something you're doing is definitely legal, you're asking the wrong person.
In this case, from what I've seen, SEC can not even say what is "definietly illegal" like you say. So they can not be trusted
Coinbase hired expensive lawyers who told them "we think if you do it this way it's not a crime", the SEC disagrees, and it's up to the courts who is correct.
Arguably the SEC doesn't actually make the rules, and is only tasked with enforcing them, and thus they can't actually give advice on the law because their interpretation of the law might not be correct!
anyhow, then they can of course give you advice what NOT to do, and will do. Otherwise, as i said, how can they enforce something unless they know about it? I don't even get your point, it honestly sound quite stupid ?
>Arguably the SEC doesn't actually make the rules,
Sure, but they should at least tell which rules they follow? I don't get how so many people on HN seem to favour SEC here, a community of programmers who use logic at work