Cryptocurrency exchange Coinbase petitions SEC for regulatory clarity amid increasing enforcement actions. Read more on Coin Edition.
Coinbase, the leading cryptocurrency exchange, filed a suit against the SEC on Monday, urging the regulator to address a July 2022 petition for regulatory clarity. The initial petition inquired whether the SEC would propose and adopt rules for the regulation of securities offered and traded via digital methods. However, the SEC failed to respond to the petition, prompting Coinbase to escalate the issue.