$Coinbase Global, Inc.(COIN)$ Here is a revealing quote from the COIN February Conference call:

"Paul Grewal, Chief Legal Officer: The only thing I would add, Brian, is that back in July of last year, as mentioned earlier, we did file a petition for rule-making with the SEC that outlined dozens and dozens, something like more than 50 questions that we believe need to be answered in order to bring regulatory clarity to the digital asset space. We think an excellent start would be to initiate rule-making as we requested, so that not just Coinbase but everyone in the industry, and frankly, anyone with an interest in digital assets, can then have an opportunity to provide input to the commission and help the commission achieve the right balance between protecting consumers and investors, on the one hand, and promoting innovation on the other."

Here is a quote from SEC Chair Gensler in response to a question from Congressman Bishop last week:

"“The regulations actually already exist, sir. They’re called the securities regulation, and so there are disclosure regulations for when somebody tries to raise money from the public,” the SEC chair said."

COIN executive management appears to be unaware of their situation regarding the SEC.