US court orders SEC to explain why it denied Coinbase's request for crypto-specific rules
Name
US court orders SEC to explain why it denied Coinbase's request for crypto-specific rules
Publish date
12:00am, Monday, January 13, 2025
Referenced by
US court orders SEC to better explain its dismissal of Coinbase petition for clearer crypto regulations
Crypto news
News story
At the same time, the court did not require the SEC to actually draft these rules
Crypto news
Quote
The SEC later denied the request for new rules, and SEC Chair Gary Gensler said that existing rules already apply to crypto. Gensler also said at the time that an important part of the SEC's responsibility is figuring out how to divvy resources. He emphasized that the crypto market is small compared to the rest of the capital markets, which the agency oversees
Crypto news
Quote