The SEC states there "could be" tokens trading on Coinbase as securities and that they may need to intervene. Mark Cuban stated that Coinbase should be "aggressive" in engaging with the SEC over its threat to sue the crypto exchange. That would be better than the regulator taking on a small entity and getting a quick court judgment that applied to all of decentralized finance.

Should the SEC cherry-pick a few projects that are underfunded and win, it removes the ability for Coinbase to trade potentially hundreds of projects/tokens - which would be quick to hit Coinbase in its revenue stream in a big way. The "Shark Tank' investor said crypto needs "exemptions like the internet got in the '90s."

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