SEC Denies Coinbase’s Petition for Crypto Securities Framework!

The post SEC Denies Coinbase’s Petition for Crypto Securities Framework! appeared first on Coinpedia Fintech News

The U.S. Securities and Exchange Commission (SEC) has rejected a petition from Coinbase Global, a major cryptocurrency exchange, to create a regulatory framework for listing digital assets. The SEC’s decision highlights the fact that existing laws and regulations already apply to the crypto securities markets, and that the commission addresses these markets through rulemaking as well. The SEC also emphasized the importance of maintaining its own discretion in setting rulemaking priorities. This decision comes as the SEC continues to grapple with how to regulate the rapidly evolving world of cryptocurrencies and digital assets.