Summary: Coinbase has filed a petition requesting the Securities and Exchange Commission to start rulemaking on digital asset securities. Coinbase states that existing rules for traditional securities do not work for digital assets. The exchange requests the SEC to develop a workable regulatory framework guided by formal procedures and public notice-and-comment processes rather than arbitrary enforcement. Coinbase’s petition comes on the same day the SEC classified nine tokens as securities in a petition against a former exchange employee accused of […]
