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SEC seeks denial of Coinbase petition for imminent crypto rules


The U.S. The Securities Exchange Commission (SEC) has finally given a formal response in court in relation to Coinbase’s petition for clear crypto regulation, stating that any rulemaking may take years and that enforcement actions will continue in the meantime.

According to court documents filed on May 15, the SEC argued that it is under no obligation to meet the requirements of Coinbase (NASDAQ:COIN) outlined in its petition, while also arguing that the firm has called for a complex set of reforms and rule-making in an unreasonably short amount of time.

Excerpt from SEC’s response to Coinbase’s petition. Source: Courtlistener

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