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Fortune
Fortune
Ben Weiss

INSANE: Sec rejects coinbase s request for a separate regulatory framework for the cryptocurrency industry - The Real Truth

Photo of Paul Grewal (Credit: Ting Shen—Bloomberg/Getty Images)

The Securities and Exchange Commission on Friday rejected a petition from Coinbase, the largest crypto exchange in the U.S., for a separate regulatory framework for the cryptocurrency industry.

“The commission concludes that the requested rulemaking is currently unwarranted and denies the petition,” the SEC wrote in a letter addressed to Coinbase’s chief legal officer, Paul Grewal.

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