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Coinbase Accuses U.S. SEC of Breaking the Law in Rejecting Crypto Rulemaking

The crypto exchange had petitioned for clear rules on digital assets, and the agency rejected the petition in December. Coinbase isn't taking no for an answer.

Coinbase is accusing Chair Gary Gensler's U.S. Securities and Exchange Commission of improper procedure in its handling of crypto oversight. (Jesse Hamilton/CoinDesk)
Coinbase is accusing Chair Gary Gensler's U.S. Securities and Exchange Commission of improper procedure in its handling of crypto oversight. (Jesse Hamilton/CoinDesk)