The Crypto Securities Market is Waiting to be Unlocked. But First We Need Workable Rules.
TL;DR:
- 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.
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Author: Coinbase
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