<ul class="news-points"> 
 <li><strong>Brian Armstrong said Coinbase would appeal the SEC’s petition denial to create crypto rules.</strong></li> 
 <li><strong>According to Armstrong, the appeal will get the crypto industry closer to regulatory clarity.</strong></li> 
 <li><strong>The SEC denied Coinbase’s petition, describing it as “Unwarranted.”</strong></li> 
</ul> 
<p>Coinbase CEO Brian Armstrong has expressed his company’s willingness to challenge the <a href="https://coinedition.com/tag/sec/">Securities and Exchange Commission’s (SEC)</a> decision not to create clear rules for the crypto industry. In a post on X (formerly Twitter), Armstrong described the developing situation as a “nice small win,” saying that challenging the SEC’s decision would get the crypto industry one step closer to regulatory clarity.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Nice small win. We went to court to challenge the SEC’s refusal to create clear rules for the industry – and it worked (a court compelled them to respond).<br><br>Now that they've formally responded (with a no!) we can challenge their response in court, which helps us get one step… <a href="https://t.co/3RcTk1OVcp" target="_blank" rel="nofollow">https://t.co/3RcTk1OVcp</a></p>— Brian Armstrong 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6e1.png" alt="🛡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1735835792659124366?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 16, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
<p>Coinbase filed a petition in court on July 21, 2022, requesting the SEC to provide specific rules that would govern the crypto industry. …</p>
<p>The post <a href="https://coinedition.com/coinbase-to-appeal-the-secs-petition-denial-over-clear-crypto-rules/">Coinbase to Appeal the SEC’s Petition Denial Over Clear Crypto Rules</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Coinbase to Appeal the SEC’s Petition Denial Over Clear Crypto Rules

Coin Edition

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