In a court filing this week, Coinbase said that the regulatory agency is refusing to provide clear rules to the crypto industry and instead putting crypto firms in a “Catch-22” situation. Gary Gensler, the chairman of the SEC, is asking crypto companies to register with the agency unless they want to face “enforcement suits” or “punitive sanctions,” Coinbase says. “But the SEC refuses to promulgate rules that would enable the industry to know the SEC’s standards for determining whether digital assets may be securities or provide a workable path to register when required,” Coinbase says. The company says it has sent ... (full story)