- Coinbase filed a petition asking the SEC to begin rulemaking on digital asset securities.
- The existing rules for securities just do not work for digital assets.
- Our petition calls on the SEC to develop a workable regulatory framework for digital asset securities guided by formal procedures and a public notice-and-comment process, rather than through arbitrary enforcement or guidance developed behind closed doors.
Source: The Crypto Securities Market is Waiting to be Unlocked. But First We Need Workable Rules. | by Coinbase | Jul, 2022 | The Coinbase Blog