Coinbase’s explanation on how federal securities laws apply to advanced assets like cryptocurrencies and non-fungible tokens (NFTs). As per Coinbase, the existing guidelines need lucidity and relevance in the present quickly advancing scene. Coinbase further affirms that the Securities and Exchange Commission (SEC) has effectively denied its rulemaking request through their quest for enforcement activities against advanced resource firms without giving any conventional guidelines. The court requested the SEC to present an extra concise explanation of their choice on Coinbase’s rulemaking request. Moreover, the court likewise inquired as to why it shouldn’t structure occasional reports or lay out a cutoff
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