Regulation
US SEC denies Coinbase’s push for cryptocurrency regulation is ‘unwarranted’
“The commission disagrees with the petition’s assertion that the application of existing securities laws and regulations to cryptoasset securities, issuers of such securities, and intermediaries in the trading, settlement, and custody of such securities is impracticable,” the five-member commission concluded in its two-page response, which said the agency had carefully considered the request. “The commission concludes that the requested rulemaking is currently unwarranted and denies the petition.”