Coinbase's petition for crypto-specific rules rejected by SEC
SEC rejects Coinbase's petition for tailored crypto regulations, affirming existing securities laws for digital assets.
Stay updated with breaking news from Mark Uyeda. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
SEC rejects Coinbase's petition for tailored crypto regulations, affirming existing securities laws for digital assets.
Cryptocurrency exchange Coinbase plans to seek a judicial review of a decision by the SEC to deny its petition for new rules in the digital asset sector.
WASHINGTON- The US Securities and Exchange Commission on Friday (Dec 15) denied a petition by Coinbase Global seeking new rules from the agency for the digital asset sector, which the country's largest crypto exchange said it plans to challenge in court. The five-member commission, in a three-two vote, said it would not propose new rules because it fundamentally disagreed that...
The five-member commission, in a 3-2 vote, said it would not propose new rules because it fundamentally disagreed that current regulations are "unworkable" for the crypto sphere, as Coinbase has argued. Coinbase later said it had filed a petition for review of the SEC's decision in court.
The Securities and Exchange Commission (SEC) has denied the rulemaking petition filed by Coinbase. SEC Chair Gary Gensler says current laws enough for…