[rumdonut]

Yeah this is bizarre. Imagine if a cop came up to you and told you to stop committing a crime. Being difficult and dismissing the assertion is going to land you in court. It’s your responsibility to know the law, and it’s certainly not the cop’s responsibility to spell out the public law for you before they can do their job. I don’t know what coinbase expected - actually I think they knew they had no case and are just delaying and trying to take the SEC down with them, given the attacks.

[ESTheComposer]

Your scenario is slightly off. It would be more like the cop stopping you and saying "you're breaking the law" and you asking "which law", and them saying "the law", and you asking "can you be more specific? Which law", and them saying "I'm taking you to court for breaking the law", and you're still asking "WHICH LAW?!?!?"

The SEC is saying "you might have securities, and your various businesses might violate our laws", and Coinbase asking "which ones and how?", and SEC basically twiddling their thumbs and saying, "fuck it, you're breaking the law", and Coinbase still asking "BUT WHICH ONES?!?!?"

[iudqnolq]

Fun fact: If the cop told you "don't worry, you're not breaking the law, let me help you" it still wouldn't be entrapment or unusual if they subsequently went after you.