Official documentation from the SEC

Coinbase Criticizes SEC Over Crypto Regulations, Claims Agency is Choking Digital Assets

Jun 2, 2024, 02:17 AM

Coinbase has criticized the U.S. Securities and Exchange Commission (SEC) for its handling of cryptocurrency regulations. In a closing brief, Coinbase argued that the SEC's refusal to provide clear regulatory guidelines is stifling the crypto industry. The company claims that the SEC is intent on choking the growth of digital assets and has called for clearer compliance standards. Coinbase also challenged the SEC’s rulemaking process, stating that the agency is serious about the destruction of digital assets.