---
title: "No new crypto rules, says US SEC after rejecting petition of Coinbase Global"  
description: "No new crypto rules, says US SEC after rejecting petition of Coinbase Global"  
author: "Saumya Mishra"  
published: 2023-12-18  
updated: 2023-12-18  
canonical: https://www.mindstick.com/news/3630/no-new-crypto-rules-says-us-sec-after-rejecting-petition-of-coinbase-global  
category: "technology"  
tags: ["usa", "cryptocurrency"]  
reading_time: 2 minutes  

---

# No new crypto rules, says US SEC after rejecting petition of Coinbase Global

[**Coinbase**](https://www.mindstick.com/articles/156980/how-to-transfer-coinbase-to-gdax)**'s years-long quest for bespoke** [**cryptocurrency**](https://www.mindstick.com/category/news/cryptocurrency) **regulations hit a major roadblock on Friday, as the Securities and Exchange [Commission](https://answers.mindstick.com/qa/62212/who-has-been-elected-as-the-first-female-president-of-the-european-commission) (SEC) denied the exchange's petition for new rules.** This leaves the industry in limbo, with existing laws and ongoing [litigation](https://answers.mindstick.com/qa/116546/when-is-it-better-to-hire-a-litigation-lawyer-in-dubai-instead-of-opting-for-arbitration) [shaping the future](https://answers.mindstick.com/qa/113715/what-are-the-latest-trends-shaping-the-future-of-technology-in-2025-and-beyond) of digital asset trading.

## Key Highlights:

- **SEC Rejects Petition:** The agency deemed Coinbase's request "unwarranted," disagreeing with their claim that current securities laws aren't suitable for crypto.
- **Coinbase Seeks Legal [Challenge](https://www.mindstick.com/articles/65205/points-to-consider-when-seeking-a-challenge-coin-manufacturer-s-services):** Unhappy with the decision, Coinbase plans to fight the SEC in court, arguing for clearer regulations.
- **Dissenting Voices:** Two SEC commissioners criticized the dismissal, highlighting the need for adapting regulations to new [technologies](https://www.mindstick.com/blog/11429/tools-and-technologies-to-learn-in-2017) like crypto.

## Unclear Regulatory Landscape:

**Gensler's Stance:** SEC Chair Gary Gensler reiterates his belief that existing rules apply to crypto, while most firms disagree about a clear path to compliance.

**Ongoing Litigation:** The lawsuit against Coinbase and Binance over alleged unregistered securities exchanges could offer further clarity on the regulatory landscape.

**High Stakes for Coinbase:** A potential loss in court could significantly restrict Coinbase's business and limit its ability to list certain tokens.

The SEC's decision throws [cold water](https://yourviews.mindstick.com/view/83207/is-drinking-cold-water-bad-for-your-health) on Coinbase's hopes for a tailored regulatory framework, leaving the industry to navigate a complex legal landscape. The outcome of ongoing litigation and potential future rulemaking will be crucial in determining the future of [crypto trading](https://answers.mindstick.com/qa/100341/how-to-maximizing-profit-in-crypto-trading-the-best-crypto-strategy) in the [US](https://yourviews.mindstick.com/view/85180/future-of-united-states-trends-and-predictions).

![No new crypto rules, says US SEC after rejecting petition of Coinbase Global](https://www.mindstick.com/usernews/655071/364f2fcb-7032-4131-94c1-1ca5493776d2/images/3a0d71cc-09e1-48c8-8c96-c07a8f1778a7.jpg)

---

Original Source: https://www.mindstick.com/news/3630/no-new-crypto-rules-says-us-sec-after-rejecting-petition-of-coinbase-global

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