Coinbase CEO Says He Got 'Icy' Reception From SEC's Gensler

The transcript discusses a company's interactions with the SEC, highlighting initial cooperation and the SEC's changing tone over time. Despite numerous meetings, the company received little feedback and faced regulatory challenges. Attempts to engage with SEC Chair Gary Gensler were met with limited success, reflecting a regulatory approach focused on enforcement rather than clear guidelines.

What was the company's approach when the SEC's tone changed?

• They stopped all communications.

• They became more forthcoming and sought feedback.

• They decided to ignore the SEC.

• They filed a lawsuit against the SEC.

How did the company describe their interaction with the SEC over the past year?

• They were given a rule book.

• They were met with silence.

• They received clear guidance.

• They had productive discussions.

What was the company's reaction to the Wells notice?

• They found it unfortunate but not unexpected.

• They were surprised and unprepared.

• They decided to cease operations.

• They immediately complied with all demands.

What was the outcome of the company's attempt to meet with Gary Gensler?

• They were advised to ignore the SEC.

• They received a detailed registration process.

• They had a productive in-person meeting.

• They were unable to meet him in person.

What advice did the company receive from Gary Gensler during the virtual meeting?

• To follow a specific registration process.

• To wait for further instructions.

• To stop trading crypto securities.

• To consult their lawyer.