Coinbase to Challenge SEC in Court Over Denial of Crypto Clarity Petition
• Coinbase plans to challenge the SEC's denial of its crypto rulemaking petition in court
• The SEC denied Coinbase's 2021 petition asking for clarity on rules for digital asset securities
• Coinbase says the SEC has been silent for 18 months and failed to provide needed guidance
• The SEC and Coinbase have clashed over whether certain coins are securities requiring registration
• Two SEC Commissioners disagreed with denying the petition and called for more dialogue