The Crypto Securities Market is Waiting to be Unlocked. But First We Need Workable Rules.

Jul 21, 2022 08:00 pm Cryptocurrency 215

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.

By Faryar Shirzad, Chief Policy Officer

Today, there is a robust crypto market in the U.S. That market includes thousands of different digital assets, crypto companies, and decentralized financial products, and is regulated at every level of government, including by multiple federal agencies in the United States. Yet despite the growth that has happened in recent years, close examination reveals a glaring deficiency in this market. Even with billions of dollars invested toward crypto inn ..

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