The U.S. Securities and Exchange Commission rejected Coinbase Global’s request for new regulations tailored specifically for the digital asset industry.
Coinbase had urged the SEC to create distinct rules for cryptocurrencies, but SEC Chair Gary Gensler has consistently opposed such proposals. Following Coinbase’s lawsuit against the SEC in April 2023 to prompt a response, the Commission responded on Friday, affirming that current securities laws are applicable to crypto markets. SEC Chair Gensler reiterated that existing laws already address the crypto securities market. Coinbase has yet to comment on the SEC’s decision.
Disclaimer: Not Investment Advice
it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.
Our team of crypto enthusiasts and market mavens is on a mission to deliver the latest, juiciest, and most insightful updates from the ever-evolving world of cryptocurrencies.
