Coinbase petitions court to review SEC denial of its request for crypto rules
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Coinbase petitions court to review SEC denial of its request for crypto rules
(Reuters) - Coinbase filed a petition in a federal appeals court requesting a review of a decision by the U.S. Securities and Exchange Commission to deny the crypto exchange's request for new rules for the digital asset sector.
The five-member commission, in a 3-2 vote, said Friday it would not propose new rules because it fundamentally disagreed that current regulations are "unworkable" for the crypto sphere, as Coinbase has argued.
