US SEC denies Coinbase’s push for cryptocurrency regulation as ‘unfair’

“The Commission disagrees with the petition’s argument that it is impossible to apply existing securities laws and regulations to crypto-asset securities, issuers of such securities, and intermediaries in the trading, settlement and custody of such securities,” the five-member committee said. concluded: The two-page response said the agency had carefully considered the request. “The Committee concludes that the requested rulemaking is not warranted at this time and denies the petition.”