The U.s. Sec Has Rejected Coinbase's Petition For Crypto Regulations
A federal appeals court says the u. s. Securities and exchange commission needs to better explain why it turned down a request from coinbase to develop regulations to cover the booming crypto asset. Securities and exchange commission on friday denied a petition by coinbase global seeking new rules from the agency for the digital asset sector, which the country's largest crypto. The us securities and exchange commission (sec) has officially rejected the petition request for more transparent crypto rules and regulations from cryptocurrency exchange coinbase. Securities and exchange commission on friday denied a petition by the country's largest crypto exchange coinbase global asking the agency to create new rules for the digital asset industry.
I was pleased to support the commissions decision for three reasons. First, existing laws and regulations apply to the crypto securities markets. Second, the sec addresses the crypto securities markets through rulemaking as well. Third, it is important to maintain commission discretion in. The decision highlights a fundamental disagreement on the applicability of current laws to the crypto industry. The ruling reflects internal divisions within the sec and sets a precedent for traditional regulatory.
Crypto legislation likely coming under Trump, ex-SEC chief says | Reuters
