Coinbase files lawsuit against SEC over denied petition

The US Securities and Exchange Commission (SEC) recently declined a Petition for Rulemaking filed by Coinbase, the largest crypto exchange in the US. The petition had sought exemptions treating certain crypto assets as commodities rather than securities. In announcing the decision, SEC Chair Gary Gensler gave three critical reasons for the denial.Firstly, Gensler emphasized that existing laws... source: https://cryptobriefing.com/coinbase-files-lawsuit-against-sec-over-denied-petition/?utm_source=cryptopanic&utm_medium=rss