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Coinbase Taking SEC Back to Court Over Lack of Crypto Law Clarity
Last year, the largest crypto exchange in the United States, the San Francisco-based Coinbase, went to the courts to ask the U.S. Securities and Exchange Commission (SEC) to institute new rules on regulating securities that were digitally native and recorded on blockchain technology. But the SEC did not immediately respond, prompting Coinbase to seek legal relief in April. On Friday, the country’s top financial regulator finally provided an answer: it was not agreeing to Coinbase’s rule-making petition. “The existing securities regime appropriately governs crypto asset securities,” said Gary Gensler, the ... (full story)