The US Securities and Exchange Commission (SEC) has denied Coinbase’s request for new cryptocurrency regulations. SEC Chair Gary Gensler stated that the existing rules are sufficient and apply to the crypto securities markets. Coinbase had filed a petition seeking regulatory clarity and a “yes or no” answer from the SEC, but the agency refused to entertain the demands, stating that new rules were unnecessary. Gensler emphasized that the SEC is open to working with crypto projects and intermediaries that comply with the law. The agency’s standard for determining whether an investment contract constitutes a security relies on the Howey Test.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Gary Gensler
Companies	Coinbase, US Securities and Exchange Commission (SEC)
Currencies	None
Securities	None