Top US cryptocurrency exchange Coinbase is pressuring the US Securities and Exchange Commission (SEC) to respond to a rulemaking petition it submitted last year. Coinbase is seeking clarification from the SEC on how securities laws apply to digital assets. The exchange’s chief legal officer, Paul Grewal, criticized the SEC’s previous update on the matter as insufficient and called for a proper response within 30 days. Coinbase argues that the SEC initiated an enforcement action against it without explaining how the laws they enforce apply to crypto assets. The exchange claims that the SEC demands registration from digital asset firms but has not provided clear rules on when registration is required and how to achieve it. Coinbase previously accused the SEC of making fallacious arguments and causing delays in clarifying the matter.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	1
People	Paul Grewal
Companies	Coinbase, U.S. Securities and Exchange Commission (SEC)
Currencies	None
Securities	None