“As Gurbir Grewal, the director of the SEC’s Division of Enforcement, has said, ‘You simply can’t ignore the rules because you don’t like them or because you’d prefer different ones: the consequences for the investing public are far too great,'" SEC Chair Gary Gensler said.
December 15, 2023 at 04:37 PM
3 minute read
The U.S. Securities and Exchange Commission rejected Coinbase Global Inc.’s petition urging the agency to create a new regulatory framework to address the digital asset market.
“There is nothing about the crypto securities markets that suggests that investors and issuers are less deserving of the protections of our securities laws,” SEC Chair Gary Gensler said in a statement on Friday.
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