As the Trump administration takes office and Congress moves forward with relevant legislation, Coinbase has submitted several recommendations to the Securities Exchange Commission (SEC), calling for clarity on its regulatory authority over the crypto asset market. Coinbase made four main recommendations to the SEC: 1. Make it clear that "digital assets that do not convey any corporate equity are not securities" and should be regarded as "digital goods". 2. Recognize that it is up to Congress to define "appropriate regulatory treatment of digital assets." 3. Make it clear that "secondary market transactions in digital goods are not securities transactions." 4. Focus on allowing stakeholders to tokenize traditional securities