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Coinbase petitions court to review SEC denial of its request for crypto rules
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" .
![Coinbase petitions court to review SEC denial of its request for crypto rules Coinbase petitions court to review SEC denial of its request for crypto rules](https://dtnext-prod.s3.ap-south-1.amazonaws.com/h-upload/2023/12/18/750x450_787479-untitleddesign17.webp)
SAN FRANCISCO: 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.
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