U.S. SEC Denies Coinbase’s Push for Crypto Laws as ‘Unwarranted’

“The fee disagrees with the petition’s assertion that utility of present securities statutes and rules to crypto asset securities, issuers of these securities, and intermediaries within the buying and selling, settlement, and custody of these securities is unworkable,” the five-member fee concluded in its two-page response, which mentioned the company had given the request cautious consideration. “The fee concludes that the requested rulemaking is at the moment unwarranted and denies the petition.”